China Hongqiao Group Ltd. ( (HK:1378) ) has issued an update.
China Hongqiao Group Limited announced a share repurchase plan, reflecting its confidence in China’s economic prospects and the company’s intrinsic value. The company has repurchased 62,260,000 ordinary shares, representing approximately 0.66% of its issued shares, with plans to cancel these shares to enhance investor confidence and safeguard shareholder interests. The repurchase is part of a broader strategy to reinforce market confidence and is expected to involve up to HK$2 billion.
More about China Hongqiao Group Ltd.
China Hongqiao Group Limited is a company incorporated in the Cayman Islands, primarily operating in the aluminum industry. It focuses on the production and sale of aluminum products, leveraging China’s economic growth and capital market development.
YTD Price Performance: 7.48%
Average Trading Volume: 38,398,803
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$115.6B
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