Jitu Express Approves Up to HK$2B Share Buyback Plan
2026-06-26 07:31

Woofun AI reports that Jitu Express has secured board approval for a public market share repurchase program capped at HK$2 billion. The initiative targets Class B shares, with a maximum volume of 967 million units, representing approximately 10% of issued shares as of the general meeting date. Financing will be sourced from existing cash reserves and free cash flow. Directors assert that current trading prices fail to reflect the group's performance and intrinsic value, aiming to enhance shareholder benefits through capital management.

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