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Sunland to continue buyback program

Sunland Group Ltd. will continue its share buyback program to further buy 6,391,640 of its shares at the market.

The company will use existing cash and working capital resources to buy back its shares, which it expects to enhance the group's EPS in the medium-to-long term.

The buyback program was announced in December 2016, and the company has spent nearly A$16.9 million, or A$1.69 per share on average, to buy 9,991,339 shares.