STOCKS | Haier Smart Home Plans Buyback of Up to 81.0445 Million Overseas-Listed Foreign Shares

According to Jin10, Haier Smart Home (06690.HK) said on September 3 that it plans a voluntary public share repurchase offer for its overseas-listed foreign shares (D shares), with a cap of 81.0445 million D shares, or 30% of the current 271 million issued D shares. The repurchase price is 1.87 euros per D share, a 5% premium to the closing price on the Xetra trading system of the Frankfurt Stock Exchange on the third trading day before the offer announcement. If applications in the offer exceed 81.0445 million D shares, the company will repurchase on a pro rata basis and cancel the D shares bought under the offer.