GUOFUHEE (02582) announced its intention to exercise the power granted to the board by shareholders at the company's 2024 annual general meeting under the general buyback mandate. The board has resolved that, from the date of this announcement until the expiration of the general buyback mandate, the company will repurchase its H-shares on the open market of the Stock Exchange from time to time, subject to market conditions and the terms of the general buyback mandate. The total buyback amount is capped at HKD 50 million. The repurchases will be funded by the company's internal resources and will not involve any proceeds from its global offering.
- Like
- Comment
- Favorite
GUOFUHEE (02582) Plans H-Share Buyback
Stock News12-10
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.
Like
Report
Login to post
No comments yet