Summary by Futu AI
On December 4, 2024, IGG completed a share buyback with a repurchase of 140,000 shares at a repurchase price ranging from HKD 3.74 to HKD 3.77 per share for a total payment of HKD 525,200. Following the repurchase, IGG's total issued shares decreased to 1,172,292,599 shares and the stock held increased to 2,019,000 shares. This repurchase has been authorised by the Board of Directors and complies with the relevant provisions of the HKEx.Under the repurchase authorization, IGG has a total number of shares redeemed of 118,032,559 shares, representing 0.1711% of the shares issued on the date of the repurchase resolution. This repurchase does not immediately write off the Repurchase Shares, but instead holds them as Stock Shares. The decision to repurchase the license was adopted on 29 May 2024 and was made on the HKEX.IGG confirms that all repurchases comply with relevant legal and regulatory requirements and has submitted the necessary documentation to the HKEX. In the next 30 days, IGG will suspend the issuance of new shares or the sale of stock shares until January 3, 2025.
