HONG KONG TECHNOLOGY VENTURE COMPANY LIMITED Hong Kong Technology Venture Company Limited (SEHK:1137) announces a share repurchase program. Under the program, the company will repurchase HKD 100 million worth of shares. The purchase price is no higher by 5% or more than the average closing market price of the shares over the 5 trading days immediately preceding each repurchase.
The repurchases will lead to an enhancement of the net asset value per share and/or earnings per share for the shareholders. The repurchases will be financed through available internal resources. The repurchase program is valid till December 27, 2023.
