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Yangzijiang Financial Holding resumes share buyback after five-month break

The Edge Singapore
The Edge Singapore • 1 min read
Yangzijiang Financial Holding resumes share buyback after five-month break
The company has spent more than $100 million on the buybacks to date.
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Yangzijiang Financial Holding has resumed buying back shares after a hiatus of around five months.

On March 8, the company paid 38 cents each for 5 million shares, bringing the total bought back to 264.6 million shares, equivalent to 6.698% of the total share base.

The most recent share buyback was on Oct 31, when it paid 33 cents each for one million shares.

It has spent just over $100 million to date.

When YFH launched its buyback programme, it committed to spending up to $250 million to buy back up to 10% of its shares.

YFH shares closed at 38 cents on March 8.

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