Movement Alert|Wasion Holdings Rises 5.09% in Regular Trading, Ongoing Buyback Plan Supports Share Price Near Purchase Range

Market Focus07-03

On July 3, Wasion Holdings rose 5.09% in regular trading, trading at HK$20.04/share, with turnover of approximately HK$16.16 million.

The stock's rebound is closely linked to the company's active share repurchase program. Wasion previously announced a buyback plan of up to HK$200 million and completed its first repurchase of 960,000 shares on June 26, at prices between HK$19.50 and HK$20.00 per share, spending approximately HK$18.98 million. The current share price sits right at the buyback price range, with the repurchase activity providing effective floor support.

Additionally, subsidiary Wayon Energy has secured new overseas contracts exceeding RMB 1.6 billion year-to-date, primarily covering data center critical infrastructure and overseas power distribution products. Chairman Ji Wei has also made consecutive share purchases in recent months, with multiple positive signals reinforcing market confidence in the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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