Euro Tech Holdings approves $350,000 share buyback program

Euro Tech Holdings Company Limited (NASDAQ: CLWT) announced its board of directors approved a program to repurchase up to 250,000 shares of its outstanding ordinary shares for an aggregate purchase price of up to $350,000.

The Hong Kong-based company said it can repurchase shares in the open market or through negotiated or block transactions over the next 12 months based on market and business conditions.

The company also reported the completion of its 2025 Stock Repurchase Program, which ran from February 20, 2025, to February 20, 2026. Under that program, Euro Tech Holdings repurchased 301,966 ordinary shares for $355,585. The repurchased shares have been classified as treasury shares.

The board stated it has confidence in the company's future and believes current expectations are not reflected in the stock price, which it said is lower than the company's net asset value per share.

Information in this article is based on a company press release.

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