On July 16, Guming rose 3.76% in regular trading, trading at HK$21.6/share, with turnover of HK$23.61 million. The rally was supported by the company's ongoing share repurchase program and broader strength across the restaurant sector.
On the buyback front, Guming repurchased 288,000 shares on July 10 for approximately HK$5.76 million at HK$19.93–20.00 per share, following a larger repurchase of 5 million shares on July 9 costing approximately HK$100 million, and a major buyback of 34 million shares on June 24 totaling HK$693 million. The company also completed a HK$1.96 billion zero-coupon guaranteed convertible bond issuance on July 2, with proceeds earmarked for overseas expansion and raw material procurement.
Within the Restaurants sector, multiple peers gained on the same day. Among individual stocks, Meituan rose 3.72%, Mixue Group rose 3.66%, Haidilao rose 2.81%, and Yum China rose 1.28%, while Auntea Jenny fell 3.17%.
(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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