Hygeia Healthcare Holdings Co., Limited commences an Equity Buyback Plan for 63,152,420 shares, representing 10% of its issued share capital, under the authorization approved on June 28, 2024.
Hygeia Healthcare Holdings Co., Limited (SEHK:6078) commences share repurchases on September 2, 2024, under the program mandated by the shareholders in the Annual General Meeting held on June 28, 2024. As per the mandate, the company is authorized to repurchase up to 63,152,420 shares, representing 10% of its issued share capital. The purpose of repurchase program is to enhance the net assets and/or its earnings per share.
The repurchases will be made out of the funds legally available for such purpose in accordance with the Articles of Association and the Cayman Companies Act. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is carried out to the full extent, unless varied or revoked in a General Meeting. As of June 28, 2024, the company had 631,524,200 shares in issue.
Hygeia Healthcare Holdings Co Ltd is a China-based investment holding company principally involved in oncology medical business. Through its subsidiaries, the Company mainly operates three segments. The Hospital Business segment provides outpatient and inpatient services for patients through its own hospitals. The Radiotherapy Business segment provides radiotherapy center consulting services, as well as the leasing, sales, disposal, and post-sales repair and maintenance services of radiotherapy equipment. The Hospital Management Service segment provides management related services to other hospitals. The Company conducts its businesses in the domestic market.
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Hygeia Healthcare Holdings Co., Limited commences an Equity Buyback Plan for 63,152,420 shares, representing 10% of its issued share capital, under the authorization approved on June 28, 2024.
