ADICON Holdings Limited (HK:9860) has released an update.
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ADICON Holdings Limited has announced plans to conduct an on-market share repurchase, aiming to buy back up to 36.3 million shares, or about 5% of its issued shares. This move is intended to express confidence in its business outlook and enhance shareholder value. The buyback will be funded internally and is expected to maintain the company’s strong financial position.
For further insights into HK:9860 stock, check out TipRanks’ Stock Analysis page.