BJC Heavy Industries Public Company Limited (SET:BJCHI) announces a share repurchase program. Under the program, the company will repurchase up to 30,000,000 shares, representing 1.88% of its outstanding share capital, for a total cost of THB 40 million. The repurchase price shall not exceed 115% of the average closing price in the period of 5 consecutive business days prior to each repurchase date.

The share repurchase will result in increased return on equity and earning per share. The plan will continue until October 28, 2024. As of March 14, 2024, the company had 1,599,690,000 shares.