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YSB Buys Back HK$2 Million of Shares; Shareholders to Propose Another Repurchase Mandate
YSB has initiated a share buyback of up to 0.1 billion yuan, driven by multiple bullish factors for valuation recovery.
Recently, YSB (9885.HK) has continuously released Bullish Signals. An announcement on May 7 showed that the company, based on the 2024 share buyback authorization, repurchased a total of 300,000 shares for a total cost of approximately 2.104 million Hong Kong dollars, averaging 7.0147 Hong Kong dollars per share, and the repurchased shares will be canceled. The company plans to use up to 0.1 billion Hong Kong dollars in the open market to repurchase shares before October 31, 2025. The buyback plan is being efficiently advanced, demonstrating the company's positive expectations for its performance and the future market. The management is also simultaneously increasing its Shareholding to boost confidence, with Executive Director Chen Fei continuously increasing his holdings by 0.5 million shares in April (approximately 3.
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YSB (09885.HK) awarded 0.98 million shares as bonus shares.
On April 3, 2023, YSB (09885.HK) announced that on April 3, 2025, the company will grant 0.98 million award shares to the award recipients under the 2023 Share Incentive Plan, involving 0.98 million new shares, accounting for approximately 0.14% of the total issued shares as of the announcement date.
