China Feihe (06186.HK) intends to repurchase 890 million company shares for no more than US$200 million

Original title: China Feihe (06186.HK) intends to spend no more than US$200 million to buy back 890 million shares of the company

June 9th news,Chinese Flying Crane(06186.HK) releasedannouncement, According to the companyshareholderA repurchase authorization granted to the directors of the company by way of an ordinary resolution passed on May 18, 2021. The directors are granted a general authorization to repurchase the ordinary resolution. The date of passing the ordinary resolution does not exceed 10% of the total issued shares of the company. % Of shares (that is, a total of 890 million shares of the company).

The announcement stated that the share repurchase plan intends to use no more than $200 million in funds to repurchase shares. The company will use existing available cash reserves and free cash flow to allocate funds for the repurchase.

The share repurchase plan reflects the company’s market leadership. The board of directors and management team have full confidence in the company’s current and long-term business prospects and growth. The board of directors believes that the share repurchase plan is in the overall best interests of the company and its shareholders.

(Source: Rhino Star)

(Editor in charge: DF545)