Post by account_disabled on Jan 1, 2024 22:40:02 GMT -8
The RSP board approves a project to buy back 3.51% of shares, or 27 million shares, worth 121.50 million baht, sending a signal to investors. Strong financial position Stock value based on fundamental factors is still attractive for investment. Starting to purchase from 5-14 November 2019 at a price of 4.50 baht. This share repurchase is an effective management of the company's excess liquidity. Miss Papitch Wongpaitoonpiya Chief Executive Officer of Rich Sport Public Company Limited or RSP, a business operator distributing fashion and sports products under leading foreign brands, revealed that the company's board of directors meeting resolved to approve a project to repurchase shares (Treasury Stock) in order to.
Manage finances within an amount of 121.50 million baht with a price to be offered for repurchase of 4.50 baht per share and the number of shares to be repurchased not exceeding 27,000,000 shares, representing 3.51 Telegram Number Data percent of all sold shares. The share repurchase project is a general offer (General Offer) with a specified period for repurchasing shares. From 5 November 2019 to 14 November 2019 for this share repurchase project. To manage the company's financial liquidity To be efficient and get maximum benefit After buying back shares, it will support the company's financial numbers. Improved from a decrease in the number of shares. Both the return on equity (ROE) and the earnings per share (EPS) improved. Source of funds used to buy back shares The company had net cash flow from operations for the 6-month period ending June 30, 2019 in the amount of 216.02 million baht,
with cash and cash equivalents in the amount of 388.73 million baht, which the company assigned to UOB Kay Hian Securities (Thailand) Company Limited. Public Company Limited acts as an agent for purchasing securities from general tender offers from shareholders.
Manage finances within an amount of 121.50 million baht with a price to be offered for repurchase of 4.50 baht per share and the number of shares to be repurchased not exceeding 27,000,000 shares, representing 3.51 Telegram Number Data percent of all sold shares. The share repurchase project is a general offer (General Offer) with a specified period for repurchasing shares. From 5 November 2019 to 14 November 2019 for this share repurchase project. To manage the company's financial liquidity To be efficient and get maximum benefit After buying back shares, it will support the company's financial numbers. Improved from a decrease in the number of shares. Both the return on equity (ROE) and the earnings per share (EPS) improved. Source of funds used to buy back shares The company had net cash flow from operations for the 6-month period ending June 30, 2019 in the amount of 216.02 million baht,
with cash and cash equivalents in the amount of 388.73 million baht, which the company assigned to UOB Kay Hian Securities (Thailand) Company Limited. Public Company Limited acts as an agent for purchasing securities from general tender offers from shareholders.