ANTA Sports Products (HK:2020) has released an update.
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ANTA Sports Products Limited has announced a Share Repurchase Plan to buy back up to HKD10 billion worth of shares from the open market, funded by existing cash reserves. The Board believes the current share price is undervalued and that this move will benefit shareholders and enhance the company’s capital in the long run. The repurchases, subject to market conditions and regulatory compliance, will be made at the Board’s discretion over an 18-month period and any repurchased shares will be cancelled.
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