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    2013   KYG9T20A1060

WEIMOB INC.

(2013)
  Report
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Weimob Inc. commences an Equity Buyback Plan for 243,159,743 shares, representing 10% of its issued share capital, under the authorization approved on June 29, 2021.

08/26/2021 | 07:06am EST

Weimob Inc. (SEHK:2013) commences share repurchases on August 26, 2021, under the program mandated by the shareholders in the Annual General Meeting held on June 29, 2021. As per the mandate, the company is authorized to repurchase up to 243,159,743 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 funds legally available for the purpose in accordance with the applicable laws and regulations of the Cayman Islands, the Articles of Association and the Listing Rules. 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 June 29, 2021, the company had 2,431,597,427 shares in issue. On August 19, 2021, the company announces a share repurchase program. Under the program, the company will repurchase up to HKD 1,000 million. The program will expire on November 18, 2021.


ę S&P Capital IQ 2021
All news about WEIMOB INC.
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08/26Weimob Inc. commences an Equity Buyback Plan for 243,159,743 shares, representing 10% o..
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06/08WEIMOB : Sells, Files for Hong Kong Bourse Listing of $300 Million Convertible Bonds
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Financials
Sales 2021 2 806 M 440 M 440 M
Net income 2021 -644 M -101 M -101 M
Net cash 2021 1 445 M 226 M 226 M
P/E ratio 2021 -35,3x
Yield 2021 -
Capitalization 20 743 M 3 245 M 3 251 M
EV / Sales 2021 6,88x
EV / Sales 2022 5,31x
Nbr of Employees 7 534
Free-Float 76,3%
Chart WEIMOB INC.
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Weimob Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends WEIMOB INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 23
Last Close Price 8,14 CNY
Average target price 15,00 CNY
Spread / Average Target 84,3%
EPS Revisions
Managers and Directors
Tao Yong Sun Chairman & Chief Executive Officer
Yi Cao Chief Financial Officer & Joint Secretary
Jun Wei Huang Executive Director & Chief Technology Officer
Ming Chun Sun Independent Non-Executive Director
Xu Fu Li Independent Non-Executive Director
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