Summary by Moomoo AI
Pharmacist Benefit Co., Ltd. (“YSB”) announced on 24 April 2024 that under the Company's 2023 Share Incentive Scheme, it had repurchased 100,000 shares on the market through trusts as part of the trust fund at a total cost of HK$821,186 at an average price of HK$8.21 per share. The move is intended to supplement the Trust Fund to meet the rewards granted under the Share Incentive Scheme. The Board of Directors stated that the share buyback reflects the Company's confidence in the business outlook and considers the current share price to be below the Company's intrinsic value. The shares repurchased will be held by the Trustee and may instruct the Trustee to further repurchase the shares under the Share Incentive Scheme. Pharmacists' Association is a digitalized integrated service platform for the overseas medical industry in China, dedicated to promoting the health development of the industry.
