Cheng Loong Corp Announces 28th Treasury Stock Buyback Plan for Employee Incentives
📋 Article Processing Timeline
- 📰 Published: May 11, 2026 at 09:00
- 🔍 Collected: May 12, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 16, 2026 at 02:50 (90h 50m after Collected)
Cheng Loong Corp (TWSE: 1909) has announced a board resolution to initiate its 28th treasury stock buyback program. The company plans to repurchase 8,000,000 ordinary shares (approximately 0.60% of total issued shares) from the open market between May 11, 2026, and July 10, 2026. The designated price range is NT$6.42 to NT$10.00 per share. These shares are intended for future transfer to employees to boost morale and loyalty. The company stated that this buyback will not affect its financial stability or capital maintenance.