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Dekon Food And Agriculture Group Class H ( (HK:2419) ) has issued an update.
Dekon Food and Agriculture Group has announced its intention to conduct an on-market share repurchase, with a maximum amount of HK$500,000,000, under the Share Repurchase Mandate approved at the 2024 Annual General Meeting. This move is intended to incentivize employees and demonstrate confidence in the company’s business outlook, ultimately benefiting shareholders and supporting long-term development. The repurchase will be conducted in accordance with applicable laws and regulations, and the company assures that it has the financial resources to maintain a sound financial position while executing this plan.
The most recent analyst rating on (HK:2419) stock is a Hold with a HK$83.00 price target. To see the full list of analyst forecasts on Dekon Food And Agriculture Group Class H stock, see the HK:2419 Stock Forecast page.
More about Dekon Food And Agriculture Group Class H
Dekon Food and Agriculture Group is a joint stock company incorporated in the People’s Republic of China, operating within the food and agriculture industry. The company focuses on producing and distributing agricultural products and food items, with a market focus that includes both domestic and international stakeholders.
Average Trading Volume: 1,743,918
Technical Sentiment Signal: Buy
Current Market Cap: HK$11.87B
Learn more about 2419 stock on TipRanks’ Stock Analysis page.