Hong Fok Corp’s share buyback brings up share price by 37%

Hong Fok Corp share price and share buy back volume
Hong Fok Corp share price and share buy back volume

We noted Hong Fok Corp has been actively buying back their own shares since mid-March.

Hong Fok Corp bought back their own shares in 34 days out of the 35 trading days from 17-Mar-20 to 6-May-20.

11 million shares were bought back during this period, and the share buyback made up about 75% of the total volume.

The share buy back also sends its share price 37% higher — from the low of $0.535 (17-Mar) to $0.735 (6-May).

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