Junee Ltd Announces Share Repurchase Program
Ticker: SUPX · Form: 6-K · Filed: Dec 10, 2024 · CIK: 1897087
| Field | Detail |
|---|---|
| Company | Junee Ltd (SUPX) |
| Form Type | 6-K |
| Filed Date | Dec 10, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $4.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, board-approval, subsidiary-action
TL;DR
Junee Ltd is buying back its own stock, approved Dec 10, 2024.
AI Summary
On December 10, 2024, Junee Limited's board of directors approved a share repurchase program. This program will be executed by its wholly owned subsidiary, Junee Investments International Limited. The filing does not specify the dollar amount or number of shares to be repurchased.
Why It Matters
A share repurchase program can signal management's confidence in the company's valuation and potentially increase earnings per share.
Risk Assessment
Risk Level: low — The filing is a routine announcement of a share repurchase program without immediate financial implications or significant strategic shifts.
Key Players & Entities
- Junee Limited (company) — Registrant
- December 10, 2024 (date) — Approval date of share repurchase program
- Junee Investments International Limited (company) — Wholly owned subsidiary executing the repurchase program
FAQ
What is the total value or number of shares authorized for repurchase under the program?
The filing announces the approval of a share repurchase program but does not specify the total value or number of shares authorized for repurchase.
When does the share repurchase program commence?
The filing states the board approved the program on December 10, 2024, but does not specify a commencement date for the repurchases.
What is the duration of the share repurchase program?
The filing does not mention the duration or expiration date of the approved share repurchase program.
What is the rationale provided by Junee Limited for initiating the share repurchase program?
The filing announces the approval of the program but does not detail the specific rationale or strategic objectives behind it.
Are there any limitations or conditions placed on the share repurchase program?
The filing indicates the program will be executed through a subsidiary, Junee Investments International Limited, but does not detail any other specific limitations or conditions.
Filing Stats: 268 words · 1 min read · ~1 pages · Grade level 15.6 · Accepted 2024-12-10 09:15:02
Key Financial Figures
- $4.00 — f the Company at a maximum price of USD $4.00 per share. The Company’s officers
Filing Documents
- ea0224205-6k_junee.htm (6-K) — 8KB
- 0001213900-24-107153.txt ( ) — 9KB
From the Filing
OF FOREIGN PRIVATE ISSUER UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of December 2024 Commission File No. 001-42013 Junee Limited (Translation of registrant’s name into English) Studio 20, 11 F, International Plaza, 20 Sheung Yuet Road, Kowloon Bay, Kowloon, Hong Kong (+852) 2780 7733 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F Form 20-F Form 40-F Junee Limited (the “Company”) Announces Share Repurchase Program On December 10, 2024, the board of directors of the Company approved a share repurchase program (the “Repurchase Program”) to be executed through its wholly owned subsidiary, Junee Investments International Limited (“Junee Investments”). Under the Repurchase Program, Junee Investments is authorized to repurchase up to 500,000 ordinary shares of the Company at a maximum price of USD $4.00 per share. The Company’s officers have been granted full authorization to execute the necessary agreements and take the necessary actions to implement the Repurchase Program. The board of directors of the Company will regularly review the progress of the Repurchase Program and may amend or terminate the Repurchase Program as deemed appropriate. 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 10, 2024 By: /s/ Ho Wai (Howard) Tang Name: Ho Wai (Howard) Tang Title Executive Director 2