Andrii Dodonov
Bairong Inc. (OTCPK:BAIGF) has authorized a new HK$450 million share repurchase program for its Class B shares, effective over the next 12 months.
This action is being taken under the share repurchase mandate previously approved by shareholders at the annual general meeting on May 30, 2025.
The company affirmed that its current financial resources are sufficient to execute the repurchase program while ensuring it maintains a solid financial position.
The board believes the move will ultimately benefit the company and create value for its shareholders.