SEHK:268Software
A Look At Kingdee International Software Group’s Valuation As Share Buybacks Begin Following Shareholder Approval
Buyback launch puts fresh focus on Kingdee’s capital allocation
Kingdee International Software Group (SEHK:268) has started repurchasing its own shares after shareholder approval for a program that allows buybacks of up to 10% of the company’s issued share capital.
The board expects these repurchases to support net asset value and earnings per share, funded from resources that comply with the company’s governing documents, Hong Kong listing rules and Cayman Islands law.
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