China Maple Leaf Educational Systems (HKG:1317) plans to propose to grant a repurchase mandate to its board following the expiry of the previous repurchase mandate at the conclusion of the company's 2025 annual general meeting.
The company also plans to propose to authorize its directors to deal in additional shares, a Thursday Hong Kong bourse filing said.
The company plans to propose a share repurchase of up to 10% of the total number of issued shares of the company as of the date of the annual general meeting excluding the treasury shares, i.e. up to 299,532,092 shares out of the 2,995,320,920 issued shares.
The company plans to authorize its directors to deal in additional shares of up to 20% of the total issued shares as of the 2025 AGM, i.e. up to 599,064,184 shares on the basis that the total issued shares remain at 2,995,320,920 until the AGM.
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