Share buy back mandate
Share buy back if only company has get approved and then they can excite if they want to buy back
Company with no debt
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101780091 : If they can effectively buyback all shares at 50% of NTA then who keep the remaining 50% of NTA?
b34r 101780091: If everyone is willing to give up their share of the company at 50% NTA (ie willing to sell) it means they do not believe the value is worth that much. If they can truly buy back everything at 50% then they get to keep the other 50%.
Practically, anyone trying to buy back all the open market shares will send the price to the moon.
KohsonOP 101780091: If YFH like to delist at current moment price e.g 0.5, majority of share holders are willing to sell, then the company will delist since majority share holders agree and whoever brought over the entire share, they will keep whatever the Nett Tangible Assets plus the company cash.