Tianli International Holdings Limited commences an Equity Buyback Plan for 215,400,000 shares, representing 10% of its issued share capital, under the authorization approved on January 16, 2024.
January 15, 2024
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Tianli International Holdings Limited (SEHK:1773) commences share repurchases on January 16, 2024, under the program mandated by the shareholders in the Annual General Meeting held on January 16, 2024. As per the mandate, the company is authorized to repurchase up to 215,400,000 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value per share and/or earnings per share for the company. The repurchases will be made out of the funds legally available for such purpose in accordance with its memorandum of association and Bye-laws and the applicable laws and regulations of Cayman Islands 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 of January 16, 2024, the company had 2,154,000,000 shares in issue.
On January 15, 2024, the company announced a share repurchase program. Under the program, the company will repurchase HKD 130 million worth of shares.
Tianli International Holdings Ltd, formerly Tianli Education International Holdings Ltd, is a China-based company mainly engaged in the provision of comprehensive education services and related management services. The Company provides clients with integrated education management and diversified services. Its services mainly include comprehensive education services, training services, study trip services, early childhood education services, canteen operations, management and franchise, as well as supply chain management services. The Company also offers extracurricular programs in music, arts, physical education and languages, as well as licensing rights to its brands for early childhood centers. The Company mainly conducts its businesses in the western region of Mainland China.
Tianli International Holdings Limited commences an Equity Buyback Plan for 215,400,000 shares, representing 10% of its issued share capital, under the authorization approved on January 16, 2024.