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J&T EXPRESS-W Plans to Spend Up to HKD2B to Buy Back Up to 967M Class B Shares
2026-06-26 08:55:44 J&T EXPRESS-W (01519.HK) announced that it plans to spend no more than HKD2 billion to repurchase up to 10% of its issued share capital in Class B shares on the open market, involving up to approximately 967 million Class B shares. The Board believed that the Class B Shares have been traded at a price that undervalues the Group’s performance and intrinsic value. It is believed that the Company’s financial position will enable it to carry out the Proposed On-market Buy-back Plan while maintaining sufficient financial resources to meet the Company’s continuous business growth, and is of the view that the Proposed On-market Buy-back Plan will create capital management benefits for the Shareholders. J&T EXPRESS-W added that in the future, the Company will focus on Southeast Asia and China markets to consolidate its market position and steadily enhance the status in Other Markets, such as Saudi Arabia, UAE, Mexico, Brazil and Egypt. Externally, the Company will seize the significant growth opportunities as e-commerce platforms expand globally. Internally, the Company will refine management, continuously reduce costs, empower overseas operations with its experiences in China, and continuously expand non-platform customers. ~ AASTOCKS Financial News Website: www.aastocks.com | |