Jardine to Buy Back $500 Million Shares, Seeks to Boost Returns
Jardine Matheson Holdings Ltd. will buy back $500 million of its own shares by the end of next year as the Hong Kong company lays out targets for its transformation...
By Shirley Zhao, Joanne Wong · Bloomberg Markets
Jardine Matheson Holdings Ltd. will buy back $500 million of its own shares by the end of next year as the Hong Kong company lays out targets for its transformation from a long-term owner-operator into an active investor more akin to a private equity fund.