China Resources Gas Group (HK:1193) has released an update.
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China Resources Gas Group Limited has announced a plan to repurchase no less than 45,797,384 shares, about 1.98% of its total issued share capital, demonstrating confidence in the company’s future and aiming to create shareholder value. The buyback will be funded by internal cash resources, ensuring the firm’s solid financial standing. Additionally, the company’s Restricted Share Award Scheme will be terminated, and the shares held in trust will be sold off.
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