The SEHK guidance sets out the framework for its assessment in considering a waiver application of the increasingly popular automatic share buyback program.
The Stock Exchange of Hong Kong Limited (the SEHK) has issued a guidance letter on automatic share buyback programs conducted on behalf of listed issuers (GL117-23) (the Guidance Letter). The Guidance Letter provides the framework for granting a waiver to allow an issuer to conduct an automatic share buyback program on the SEHK and continue the program throughout restricted periods.
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