Want Want China Holdings Limited commences an Equity Buyback Plan for 1,244,928,714 shares, representing 10% of its issued share capital, under the authorization approved on July 25, 2018.
April 30, 2019 at 06:19 am EDT
Share
Want Want China Holdings Limited (SEHK:151) commences share repurchases on April 30, 2019, under the program mandated by the shareholders in the Annual General Meeting held on July 25, 2018. As per the mandate, the company is authorized to repurchase up to 1,244,928,714 shares, representing 10% of its issued share capital. The repurchases will result in an increase in the net asset value and/or earnings per share. The repurchase program will be funded out of the funds which are legally available for the purpose in accordance with the Memorandum of Association, Articles of Association and the applicable laws of the Cayman Islands. 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 varied or revoked in a General Meeting. As at July 25, 2018, the company has 12,449,287,135 shares in issue.
Want Want China Holdings Ltd is a China-based investment holding company principally engaged in food-related businesses. The Company operates its businesses through four segments. The Rice Crackers segment is engaged in the manufacture and sales of sugar coated crackers, savory crackers, fried crackers and gift packs. The Dairy Products and Beverage segment is engaged in the manufacture and sales of flavored milk, yogurt drinks, ready-to-drink coffee, juice drinks, sports drinks, herbal tea and milk powder. The Snack Food segment is engaged in the manufacture and sales of candies, popsicles and jellies, ball cakes, beans and nuts, among others. The Other Products segment is engaged in the manufacture and sales of wine and other products.
Want Want China Holdings Limited commences an Equity Buyback Plan for 1,244,928,714 shares, representing 10% of its issued share capital, under the authorization approved on July 25, 2018.
WANT WANT CHINA HOLDINGS LIMITED 
