太平洋航运(02343)拟回购不超过4000万美元公司股份

Core Viewpoint - The company, Pacific Shipping (02343), plans to implement a share buyback program from April 25, 2024, to December 31, 2024, with a maximum funding limit of $40 million (approximately HKD 312 million) [1] Group 1: Share Buyback Program - The share buyback will be executed under the general authority granted by shareholders at the annual general meeting on April 19, 2024 [1] - If the full$40 million is utilized, approximately 2.45% of the total issued shares can be repurchased based on the closing price of HKD 2.42 on April 18, 2024 [1] Group 2: Company Valuation and Financial Health - The company's current stock price is perceived to be below its true value and does not fully reflect the group's business prospects, indicating that this is a good time for the buyback [1] - The company maintains a robust financial position, and the board believes that the buyback plan demonstrates confidence in the long-term business outlook and growth potential [1] - The implementation of the buyback program is expected to optimize the capital structure and enhance earnings per share, net asset value per share, and shareholder returns [1]