China Literature (HK:0772) has released an update.
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China Literature Limited has announced a plan to buy back up to 10% of its shares, valued at HKD1.2 billion, over the next 12 months using its cash reserves. This strategic move reflects the company’s belief that its shares are undervalued and its confidence in future growth prospects. The buy-back is subject to market conditions and regulatory compliance.
For further insights into HK:0772 stock, check out TipRanks’ Stock Analysis page.