Voicecomm International (HKG:2495) plans to repurchase H shares in the open market for up to HK$100 million under its general mandate until its expiry.
The IT firm is authorized to buy back up to 3.3 million H shares, representing 10% of its H shares outstanding at the time shareholders approved the mandate, according to a Monday Hong Kong bourse filing.
Repurchased shares will be held as treasury shares and funded with the company's own resources, excluding net proceeds from its global offering and placings.
Shares of the IT company rose 4.10% in recent trade.