Summary by Futu AI
Pharmaceutical Biotechnology Co., Ltd. (Pharma Ming Biotech) filed a Next Day Disclosure Report with the Hong Kong Stock Exchange Limited on April 2, 2024, disclosing its share repurchase activities for the period from December 7, 2023 to April 2, 2024. The company has made several share repurchases during this period, but has not written them off. The most recent repurchase took place on April 2, 2024. 705,000 shares were repurchased on that date, priced between HKD 14.08 and HKD 14.22, with a total cost of about HKD 9,979,790. In addition, the Company issued 60,403 new shares on the same day, at HKD 1.89 per share, which was approximately 86.78% lower than the closing price of HKD 14.3 on the same day. Since the adoption of the Ordinary Resolution, the Company has repurchased 86,612,000 shares on the Hong Kong Stock Exchange, representing 2.03869% of the issued shares. Pharmacobiology confirms that all buybacks are in compliance with the relevant rules of the HKEx.