High-Trend International Group Announces $5 Million Share Repurchase Program
High-Trend International Group, a global ocean technology company listed on the Nasdaq under the ticker HTCO, has announced a new share repurchase program. The company’s board of directors has approved the program, authorizing the repurchase of up to $5 million of its Class A ordinary shares, each with a par value of $0.0025. This initiative is set to expire on August 23, 2027.
The share repurchase program allows High-Trend International to buy back shares through various methods, including open market purchases and block trades, in compliance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The timing, volume, and execution of these repurchases will be determined by the company’s management, taking into account factors such as share price, market conditions, regulatory requirements, and the company’s capital position and liquidity needs.
Funding for the repurchases will come from the company’s existing cash reserves and future operating cash flows. All shares repurchased will be returned to the company’s treasury and subsequently cancelled.
Mr. Shixuan, a representative of High-Trend International, expressed confidence in the company’s future, stating, “This $5 million share repurchase program underscores our confidence in the Company and we are all focused on driving the long-term values for our shareholders.”
Company Overview
High-Trend International Group operates in the industrials sector, focusing on global ocean technology solutions. The company is known for its carbon-neutral shipping services, serving clients worldwide. As of August 26, 2025, the company’s close price was $11.74. Over the past year, the stock has experienced significant volatility, with a 52-week high of $112.5 on January 5, 2025, and a 52-week low of $4.55 on June 30, 2025.