LINKLOGIS-W (09959) Plans to Spend at Least US$80 Million on Share Buybacks

Stock News
Aug 26

LINKLOGIS-W (09959) announced that its board of directors has decided to exercise the general authorization granted by shareholders on June 17, 2025, to repurchase the company's Class B ordinary shares. The company will deploy at least US$80 million for share buybacks within 12 months from the announcement date.

The board may also decide to further utilize the share buyback authorization based on changing market conditions.

The company stated that the current trading price of its shares does not reflect their intrinsic value and the company's business prospects. The proposed share buyback reflects the board's and management team's confidence in the company's continued steady growth centered around core strategies of "AI + Industrial Finance" and digital assets.

The board believes the proposed share buyback serves the overall best interests of the company and its shareholders. The company will fund the proposed share buyback using its existing available cash reserves and free cash flow.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10