Weilong Delicious Global (HKG:9985) plans to repurchase up to HK$200 million of its shares on the open market under a buyback mandate approved by shareholders, according to a Thursday Hong Kong bourse filing.
The buyback plan will remain valid for six months and will be funded with the company's own resources.
Shares repurchased under the program will be held as treasury shares and may be used for future equity incentive schemes.