Arrail Group Ltd. (HK:6639) has released an update.
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Arrail Group Ltd. has actively engaged in a share repurchase initiative and a 2022 RSU Scheme to buy back its shares, demonstrating confidence in its business outlook and aiming to create shareholder value. So far, the company has utilized around HK$100 million to repurchase 17,561,000 shares, and an additional HK$23 million to acquire 5,647,500 shares for the RSU Scheme. The repurchases, which are being funded from existing cash excluding proceeds from the Global Offering, reflect a strategic move to capitalize on what the company views as favorable market conditions.
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