Home Product Center Public Company Limited (SET:HMPRO) announces a share repurchase program. Under the program, the company will repurchase up to 800,000,000 shares, representing 6.08% of its share capital, for THB 7,000 million. The share repurchase price shall not exceed 115 percent of the average closing price over the past 5 trading working days prior to the share repurchase date.
The purpose of the program is to optimize the company?s excess liquidity management that is conducted for the utmost benefit an to increase the Return on Equity (ROE) ratio and Earning per Share (EPS) ratio, which will enable the future share price to reflect the true value of The company. The program will expire on September 30, 2025. As of March 13, 2025, the company had 13,151,198,025 shares in its share capital.
Home Product Center Public Company Limited is a Thailand-based home improvement retailing company. The Company is principally engaged in the trading of a complete range of goods and materials for construction, addition, refurbishment, renovation, and improvement of buildings, houses, and residences place, and provision for related services to the retail business, together with space rental and providing utilities service. Its home improvement retailing product categories include hard line and soft line. Its hard line includes tools, paint, home improvement, bathroom and sanitary ware, kitchen, home appliances and electrical equipment. Its soft line includes bedding, home textiles, furniture, lighting, household decorative products, and household accessories. Its services to the retail business include renovation; installation, relocation and fixing; inspection, cleaning, and maintenance of various electrical appliances; washing, cleaning and sterilizing services, and home improvement.
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