Yangzijiang Financial Holding resumes share buyback after five-month break

Yangzijiang Financial Holding has resumed buying back shares after a hiatus of around five months.

On March 8, the company paid 38 cents each for 5 million shares, bringing the total bought back to 264.6 million shares, equivalent to 6.698% of the total share base.

The most recent share buyback was on Oct 31, when it paid 33 cents each for one million shares.

It has spent just over $100 million to date.

When YFH launched its buyback programme, it committed to spending up to $250 million to buy back up to 10% of its shares.