Summary by Moomoo AI
Bank of East Asia Limited filed a Next Day Disclosure Report with the Hong Kong Stock Exchange Limited on 8 March 2024, disclosing the details of its share repurchases. According to the report, the Bank of East Asia repurchased a total of 1,025,600 shares of ordinary shares through the Hong Kong Stock Exchange between March 4 and March 8, 2024, but no write-offs were made. Of these, 155,000 shares were repurchased on the single day of March 8 at a repurchase price ranging from HK$9.58 to HK$9.7 per share, with a total repurchase amount of HK$1,495,030 on that day. The action was carried out under the authority of the Company's Ordinary Resolution, and since the adoption of the resolution, the Bank of East Asia has repurchased a total of 32,116,000 shares on the Hong Kong Stock Exchange, representing 1.2006% of the shares issued at the time. Company Secretary Rowshund confirmed that all relevant legal requirements have been complied with and that the buyback operation has been formally authorized by the Board.