Gelonghui, October 2, 丨 Fubo Group (03738.HK) issued an announcement. The board of directors has decided to repurchase company shares with a total amount not exceeding HK$0.2 billion from time to time in the open market in accordance with the general share repurchase authorization passed by the company's shareholders at the annual general shareholders' meeting held on June 28, 2024 and any subsequent general share repurchase authorization renewed or updated with shareholders' approval from time to time (if applicable).
The company believes that the share repurchase plan reflects the company's full confidence in its business outlook and prospects. The company aims to increase shareholder value and support long-term growth through share repurchases. The board of directors believes that the company's current financial resources are sufficient to support share buybacks while maintaining a sound financial position.
