The buyback was conducted on June 9, where the company bought one million shares at 51 cents each. YZJFH’s CEO Vincent Toe and its independent directors had previously acquired some 1.7 million shares at an average of 57 cents per share in May.
UOB Kay Hian analyst Llelleythan Tan has called Yangzijiang Financial Holding (YZJFH) an “undervalued gem” in an unrated report dated June 9.
On June 8, the company had just obtained its shareholders’ approval to conduct its $200 million share buyback programme.
