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China Literature ( (HK:0772) ) has provided an announcement.
China Literature Limited has announced a voluntary on-market share buy-back plan, approved by its board of directors. The plan allows for the repurchase of up to 10% of the company’s issued shares, with a maximum fund allocation of HKD1.2 billion, using existing cash reserves. The board believes the shares are undervalued and aims to reflect confidence in the company’s prospects while maintaining financial resources for growth.
The most recent analyst rating on (HK:0772) stock is a Hold with a HK$36.00 price target. To see the full list of analyst forecasts on China Literature stock, see the HK:0772 Stock Forecast page.
More about China Literature
China Literature Limited is a company incorporated in the Cayman Islands, primarily engaged in the online literature industry. It focuses on providing a platform for writers and readers, offering a wide range of literary content and services.
Average Trading Volume: 4,542,812
Technical Sentiment Signal: Buy
Current Market Cap: HK$37.81B
For an in-depth examination of 0772 stock, go to TipRanks’ Overview page.