TREE NEWS update: Lao Feng Xiang plans to repurchase 4 million to 8 million B-shares through centralized bidding at no more than $3.707 per share, representing 0.76%-1.53% of total share capital. The jewelry company expects the buyback to total 100 million to 200 million yuan, with the shares to be cancelled to reduce registered capital. The plan still requires shareholder meeting approval.
Lao Feng Xiang Plans B-Share Buyback of 4-8 Million Shares at Up to $3.707
AI take
A cancellation-style buyback is the more shareholder-friendly variety, since retired shares lift per-share metrics rather than sitting in treasury, and the 0.76%-1.53% range is modest but real. For a jewelry name with B-share exposure, the move signals management sees value in its own paper, though the cap price and total outlay frame the commitment. The shareholder vote is the gate, and whether the plan clears at the proposed scale is the open question worth tracking.
Generated by AI for reference only.
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