Man Wah Holdings (01999) said it yesterday repurchased on-market 1 million shares of the company pursuant to the general mandate granted by the shareholders.
The highest purchase price per share was HK$7.56 and the lowest purchase price per share was HK$7.41, and a total of HK$7.51 million (before brokerage and expenses) was utilised.
The company said its cash flow from operational activities is strong and healthy. The repurchase and subsequent cancellation of the repurchased shares can improve the return to shareholders.
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