AB International Group Corp (ABQQ)

[Strukture]

Contrary to a certain LOSER on here - To Cancel shares Share (Purchase agreement or SPA) the Company/CEO must arrange to have the shares acquired on the open market or privately - it is done to increase shareholder value, typically in two ways, either to redistribute it back as a dividend to shareholders or to cancel them all together.

The CEO/Company must first buy them off the open market or offer in private negotiations to buy them from Organizations / Groups (MMs) and even individuals

https://www.forbes.com/advisor/investing/stock-buyback/

The CEO months ago announced he had decided to do a stock buyback

“Public companies that have decided to do a stock buyback typically announce that the board of directors has passed a repurchase authorization,” which details how much money will be allocated to buy back shares—or alternatively the number of shares or percentage of shares outstanding it aims to buy back.

The main reason companies buy back their own stock is to create value for their shareholders. In this case, value means a rising share price.

Here’s how it works: Whenever there’s demand for a company’s shares, the price of the stock rises. When a company buys its own shares, it’s helping to increase the price for its stock by boosting demand, thereby creating value for all shareholders.