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D&G Technology Holding Company Limited ( (HK:1301) ) has issued an update.
D&G Technology Holding Company Limited announced a voluntary share repurchase under the Repurchase Mandate, which led to a breach of Hong Kong Stock Exchange Listing Rules due to unintentional administrative oversight. The company repurchased shares at prices exceeding the maximum allowed, but the impact on its capital structure was minimal. To prevent future breaches, D&G Technology plans to enhance internal controls, including daily price monitoring and dual-level verification processes.
More about D&G Technology Holding Company Limited
D&G Technology Holding Company Limited is a company incorporated in the Cayman Islands, operating within the technology sector. The company focuses on providing advanced technological solutions and services, with a market presence that includes a variety of stakeholders such as shareholders and potential investors.
Average Trading Volume: 851,862
Technical Sentiment Signal: Hold
Current Market Cap: HK$479.6M
For a thorough assessment of 1301 stock, go to TipRanks’ Stock Analysis page.