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Bairong, Inc. Class B ( (HK:6608) ) has provided an announcement.
Bairong Inc. has announced its intention to repurchase up to HK$450 million worth of its Class B shares in the open market over the next 12 months. This move, approved by shareholders, is aimed at demonstrating confidence in the company’s business prospects and enhancing shareholder value, while maintaining a strong financial position. The repurchase will be conducted in accordance with relevant laws and regulations, but its execution will depend on market conditions and the discretion of the board.
The most recent analyst rating on (HK:6608) stock is a Hold with a HK$10.50 price target. To see the full list of analyst forecasts on Bairong, Inc. Class B stock, see the HK:6608 Stock Forecast page.
More about Bairong, Inc. Class B
Bairong Inc. is a company incorporated in the Cayman Islands, operating under weighted voting rights. It is listed on the Hong Kong Stock Exchange and engages in financial services, focusing on providing technology-driven solutions to enhance financial operations.
YTD Price Performance: 2.84%
Average Trading Volume: 1,567,186
Technical Sentiment Signal: Sell
Current Market Cap: HK$6.89B
Learn more about 6608 stock on TipRanks’ Stock Analysis page.