SEHK:1866Chemicals
Did China XLX Fertiliser's (SEHK:1866) Large Share Buyback Just Shift Its Investment Narrative?
China XLX Fertiliser Ltd. (SEHK:1866) recently commenced a share repurchase program, authorized to buy back up to 128,324,100 shares, representing 10% of its issued share capital, using internal and/or external funds, with repurchased shares set for immediate cancellation in accordance with regulations.
This move is intended to enhance earnings per share and net tangible asset per share, signaling management's focus on shareholder value and operational confidence.
We'll consider how the...