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Kunbo Medical-B (02216.HK): intends to repurchase shares in the market.
Gelonghui, December 12丨Kunbo Medical-B (02216.HK) announced that on December 12, 2024, the Board of Directors resolved to exercise the authority under the repurchase mandate to repurchase company shares from time to time on the open market. The proposed share repurchase will be funded using the company's existing available Cash / Money Market. The company will not conduct the repurchase if it would have a significant adverse effect on the company's working capital position. Subsequently, the company will cancel, hold as treasury shares, sell, or transfer repurchased shares (if any) as deemed appropriate by the Board of Directors. The company's current financial position is stable. The Board of Directors believes that the current Fill Price of the shares does not reflect their intrinsic value.
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