AMTD IDEA Group Increases Share Repurchase Program By $20M
Portfolio Pulse from Benzinga Newsdesk
AMTD IDEA Group has announced an increase to its existing share repurchase program by $20 million, bringing the total to $40 million. The company may repurchase its American depositary shares or ordinary shares until December 29, 2023.
September 22, 2023 | 1:34 pm
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AMTD IDEA Group's decision to increase its share repurchase program could potentially boost its stock price in the short term.
Share repurchase programs are often seen as a sign of a company's confidence in its own stock, and can lead to an increase in the stock price as it reduces the number of shares in circulation, potentially increasing earnings per share.
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