Royal Group's Phnom Penh Special Economic Zone Announces Share Buyback Citing Undervaluation, After Previous 2020 Announcement

Royal Group’s Phnom Penh Special Economic Zone Announces Share Buyback Citing Undervaluation, After Previous 2020 Announcement

Key Points:
• Share Buyback Approval: Royal Group Phnom Penh SEZ Plc. (PPSP) has been approved to buy back up to $200,000 in shares, citing undervaluation of shareprice.
• Financial Health: As of December 31, 2023, PPSP reported retained earnings of $21.6 million and cash on hand amounting to $4.1 million.
• Strategic Move: The buyback aims to enhance shareholder value and reflects the company’s confidence in its future prospects.