The Economic Information Daily reported on the 25th that Daphne International Holdings (00210) announced a share repurchase program effective from August 24 until the end of this year, with a maximum funding cap of HK$40 million to repurchase shares in the open market. The company will fund the repurchases using existing cash resources and will either cancel or hold the repurchased shares as treasury shares. The board of directors believes that the current share price does not fully reflect the intrinsic value of the group, and that the repurchase will optimize the capital structure and serve the overall interests of shareholders. (nw)