HBM Holdings announces on-market share repurchase plan

HBM Holdings announced an on-market share repurchase program, authorizing the company to buy back its shares up to a value of HKD200 million. This repurchase will be executed under the general mandate approved by shareholders at the annual general meeting held on June 6, 2024. Coupled with previous allocations, HBM Holdings has cumulatively allocated HKD240 million for share repurchases year-to-date in 2025. The company believes its current stock price undervalues its intrinsic worth and business prospects. The Board intends to conduct the repurchases in compliance with listing rules and applicable regulations, ensuring a solid financial position throughout the process. The Board views the action as a commitment to maximizing shareholder value and a demonstration of confidence in the company’s future.