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WASION HOLDINGS (03393.HK) Plans On-Market Share Buyback of Up to HKD200M
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WASION HOLDINGS (03393.HK) announced that its board has resolved to grant a general mandate to the directors to repurchase shares of the company on the open market from time to time, with an aggregate amount not exceeding HKD200 million, until the conclusion of the company’s next annual general meeting. The company intends to finance the proposed share repurchases with the group’s existing available cash reserves. Shares repurchased will be held as treasury shares or may be cancelled.
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