Today, $IFBH (06603.HK)$ The stock price surged over 8%. As of press time, it rose by 8.07%, reaching HKD 17, with a trading volume of HKD 42.3044 million.
In terms of developments, IFBH announced after the market closed yesterday that, in light of current market conditions, IFBH Limited intends to repurchase shares on the Hong Kong Stock Exchange at its discretion over the next six months from the date of this announcement, subject to the general mandate granted to the company's board of directors for share repurchases on June 17, 2025, and the relevant requirements under the Hong Kong Listing Rules. The total number of shares to be repurchased will not exceed 5% of the company’s issued share capital as of the date of this announcement. The company believes that the current share price does not reflect its intrinsic value. The board remains confident in the company’s business foundation and long-term growth prospects, considering the proposed share repurchase an attractive use of capital that is expected to enhance shareholder value.
It is reported that on December 30, IFBH officially faced the expiration of its cornerstone lock-up period. According to a previous announcement by the company, the final date for its cornerstone investors to adhere to the lock-up commitment is December 29, 2025. Data shows that a total of 11 shareholders of IFBH have been released from lock-up, with an aggregate of 11.15 million shares now unlocked.
Editor/KOKO