Goldwind Science & Tech Plans Share Buyback of Up to 500 Million Yuan; Shares Down 3%

MT Newswires Live05-27

Goldwind Science & Technology (SHE:002202, HKG:2208) plans to repurchase part of its shares worth between 300 million yuan and 500 million yuan, according to a Shenzhen bourse filing on Wednesday.

The maximum repurchase per share was 39.84 yuan.

The share buyback will be implemented within 12 months after the board of directors' approval.

The Chinese wind power company's Shenzhen shares fell by less than 3%, while Hong Kong shares declined 2% during the afternoon trade.

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

We need your insight to fill this gap
Leave a comment