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Vitasoy International Holdings Limited Proposes Buy-Back Mandate and Share Issue Mandate for Shareholder Approval

Strategic Insights

— 1 min read

Vitasoy International Holdings Limited has announced that it will be seeking shareholder approval for the granting of a buy-back mandate and a share issue mandate at its upcoming annual general meeting. The proposed buy-back mandate will allow the company to purchase up to 10% of its outstanding shares, or 107,387,108 shares, as of the latest practicable date. If approved, the company may either cancel the bought-back shares or hold them as treasury shares, subject to market conditions and the group's capital management needs.

Key Takeaways:

  • The proposed buy-back mandate will allow Vitasoy International Holdings Limited to purchase up to 10% of its outstanding shares, with a maximum of 107,387,108 shares as of the latest practicable date.
  • The company may either cancel the bought-back shares or hold them as treasury shares, subject to market conditions and the group's capital management needs.
  • The buy-back mandate will continue until the first to occur of the expiration of the next annual general meeting or the time when the mandate is revoked or varied by an ordinary resolution of shareholders.
  • The proposed share issue mandate will allow the company to issue and allot treasury shares, subject to the Listing Rules and applicable laws and regulations of Hong Kong.
  • The company will send an explanatory statement to shareholders, as required by the Listing Rules, to enable them to make an informed decision on whether to vote for or against the granting of the buy-back mandate.
  • The proposed amendments to the Articles will be set out in Appendix II to the circular and in resolution 6 of the notice of AGM, pending approval by shareholders.
  • If resolution 6 is not approved, the company will not hold, sell or transfer its shares as treasury shares.

Statistics:

  • 1,073,871,089: total number of shares in issue as at the latest practicable date
  • 107,387,108: maximum number of shares that may be bought back under the buy-back mandate
  • 10%: percentage of outstanding shares that may be purchased under the buy-back mandate

Sources:

  • Vitasoy International Holdings Limited, "Circular to Shareholders - Granting of Buy-back Mandate and Share Issue Mandate" (2025)
  • Hong Kong Exchange, "Listing Rules" (as amended to April 2025)
  • Companies Ordinance, Cap. 622 (2021-2022 edition)
  • Vitasoy International Holdings Limited, "Notice of Annual General Meeting" (2025)

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