Yidu Tech (HKG:2158) plans to repurchase up to 106,166,266 ordinary shares on the market from time to time under the repurchase mandate granted to it on Aug. 30.
A Wednesday filing with the Hong Kong Exchange said the maximum number of shares to be repurchased represents about 10% of the company's total shares.
The healthcare technology products and services provider will use its internal cash resources for the repurchase.
The company's shares were down nearly 2% in recent trade.
Price (HKD): $3.87, Change: $-0.060, Percent Change: -1.53%
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.
Comments