Zhejiang Orient Holdings Group Outlines Strategy for Financial Business Enhancement and Asset Management

Deep News07-03

The company has communicated its strategic direction in response to investor inquiries.

In 2024, the firm has actively responded to market calls by initiating a share buyback program to help stabilize its stock price. Concurrently, the company has clarified in its announcements that it will subsequently sell the repurchased shares through the centralized competitive bidding trading method, in accordance with regulatory rules.

According to the relevant buyback regulations, if these repurchased shares are not sold before May 2027, they will be required to be cancelled. Considering the future requirements for applying for a financial holding company license, the company needs to maintain its current share capital scale.

Furthermore, the company's strategic plan for the upcoming period has been finalized. On one front, it will focus on enhancing the intrinsic development of its existing financial businesses by strengthening professional capabilities and optimizing the business structure. On another front, it will continue to seek opportunities for strategic increases in holdings in financial businesses and for market-oriented mergers and acquisitions, aiming to cultivate new growth drivers.

In alignment with its operational development needs, the company plans to opportunistically dispose of assets with relatively high liquidity, such as its holdings in Yongan Futures and the repurchased shares. This move is intended to prepare for the advancement of subsequent projects.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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