Unveiling rationale behind Share Repurchase Scheme of listed companies - Workshop 2017

In the past few years, many listed companies have announced share repurchase proposals, while many investors are still puzzled in understanding the rationale behind. Many financial professionals, equity analysts and risk officers still find it difficult to evaluate the true rationale behind such corporate actions. The workshops aim to address the issue of market deficiency in unveiling the true rationale of controlling shareholders and their implications.

Key topics covered:

• Unveiling the rationale behind the share repurchase scheme proposed by HK-listed Co
• Reviewing common types of share repurchase scheme in Hong Kong
  - on-market share repurchase
  - off-market share repurchase
  - share repurchase by “general offer”
• Share repurchase proposal adopted by HK-listed Co and its implications to share price
• Analysing investment catalysts and risk factors embedded in the share repurchase scheme

Trainer profile:

D Tang has over 20 years of experience in risk management and product risk analysis at various leading US and European investment and corporate banks. His product coverage ranges from trade finance to syndicated loans, derivatives and structured products, and leveraged financing for corporate (SME and corporate), financial institutions, banks and funds in Greater China and SE Asia region. Mr Tang is also experienced in providing both internal and external training to various investment and corporate banks, government supervisory bodies, and various professional institutes.

Learning objectives

• Enhance the understanding of the rationale of “share repurchase” scheme
• Identify different types of share repurchase (or buy back) used by HK-listed Co
• Explain the true rationale behind the share “buy back”
• Understand the investment catalysts and risks embedded in these transactions. The workshop is supplemented with case studies for illustration purpose

Audience

Finance professional, CFO, accountants, equity and bond analyst, bank relationship manager, and investor.