Asia Commercial Holdings Limited (SEHK:104) commences share repurchases on January 11, 2019 under the program mandated by the shareholders in the Annual General Meeting held on September 27, 2018. As per the mandate, the company is authorized to repurchase up to 78,343,322 shares, representing 10% of its issued share capital. The purpose of repurchase program is to enhancement of the net assets and earning per share. The repurchases will be made out of the funds legally available for such purpose in accordance with its Bye-Laws and the applicable laws of Bermuda. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is carried out to the full extent, unless varied or revoked in a General Meeting. As of September 27, 2018, the company had 783,433,220 shares in issue. On December 28, 2018, the company announced a share buyback program. Under the program, the company will repurchase up to 70,000,000 shares for HKD 28 million. The program will commence on January 4, 2019 and expire on January 31, 2019. On January 31, 2019, the company announced that it has extended plan duration till February 28, 2019.