Victory Giant Technology (SHE:300476, HKG:2476) said actual controller and Chair Chen Tao proposed a share repurchase plan worth 150 million yuan to 300 million yuan.
The shares will be repurchased for up to 150% of the 30-day average trading price prior to board approval, according to a Shenzhen bourse filing on the weekend.
Shares of the printed circuit board manufacturer were down 4% in recent trade on the Hong Kong bourse and 3% in Shenzhen.
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