Antengene (HKG:6996) will buy back up to 67,488,874 shares, or 10% of the entire shareholding of the drug company, according to a Tuesday filing with the Hong Kong bourse.
The maximum aggregate price for the share repurchase is HK$40 million, the filing said.
Antengene's shares rose 1% during Tuesday's afternoon trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.