ZEN Corporation Group Public Company Limited (SET:ZEN) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 1% of its issued share capital, for THB 30 million. The repurchase price shall not exceed 115% of the average closing price of the 5 consecutive Business days prior to each repurchase date.

The purpose of the program is to build confidence among investors or shareholders of the company, to show that the company have confidence in the future income potential, to increase the return on equity (ROE) and the earning per share (EPS) and to manage the company?s excess liquidity for maximum benefits. The program is valid till July 23, 2024. As of December 28, 2023, the company had 300,000,000 shares outstanding.