Natural Health Trends Corp. has repurchased all shares owned by George K. Broady’s family for $5.9 million, reducing outstanding shares to 8,577,848. The repurchase is part of a $70.0 million program, leaving $16.0 million for future buybacks. This move is expected to decrease annual dividend requirements by $1.2 million. President Chris Sharng noted the importance of this transaction to enhance shareholder value and maintain financial discipline. Mr. Broady expressed confidence in the company’s future success, divesting for personal reasons. Natural Health Trends Corp. operates internationally, marketing personal care products under the NHT Global brand.
Read more at GlobeNewswire: Natural Health Trends Announces Repurchase of All
