Dongyue Group Limited (HK:0189) has released an update.
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Dongyue Group Limited has announced the early termination of its employee option scheme, effective from 27 September 2024, with no outstanding options affected. The company also plans to sell all shares held under the scheme and has expressed intentions to repurchase shares on the open market, not exceeding 10% of its total issued share capital as per the mandate approved in the 2024 annual general meeting. Share repurchases will depend on market conditions and are at the discretion of the Board, with no plans to trigger a mandatory general offer or reduce public float below regulatory thresholds.
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