ZJ Innolight Sees HK$1.45 Billion Share Transfer, 1.72 Million Shares Moved Out of Citibank

Stock News10-28

According to the latest data from the Hong Kong Stock Exchange, ZJ INNOLIGHT (03308) experienced a position change on October 27, with a total transferred market value of HK$1.45 billion, accounting for 3.21%.

The company's shareholders transferred 1.4705 million shares into Goldman Sachs (Asia) Securities, while 1.7172 million shares were moved out of Citibank.

ZJ INNOLIGHT announced that its board of directors will hold a meeting on October 29 to review matters including changing the purpose of the A-share repurchase from September 2026 and canceling all repurchased shares.

The company previously completed the repurchase of 5.6531 million A shares, spending approximately RMB 4.997 billion, representing 0.48% of total share capital.

If all related shares are canceled, the company's total share capital will decrease accordingly, which is expected to enhance earnings per share.

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