AGBA - AGBA Acquisition announces 1M share repurchase program

2023-04-18 09:34:35 ET

• AGBA Group Holding ( NASDAQ: AGBA ) has announced a share repurchase program with authorization to purchase up to 1M ordinary shares of AGBA with a maximum of $10M to be expended.
• The share repurchase program reflects AGBA’s commitment to returning value to its shareholders, while maintaining the financial flexibility to invest in growth opportunities.
• “This program is a direct reflection of our belief that our shares are significantly undervalued, and a demonstration of our confidence in the business and the long-term opportunity ahead.” said Wing-Fai Ng, Group President, AGBA Group Holding.
• This authorization expires on April 18, 2024, and may be suspended or discontinued at any time.

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