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Greentown Management Holdings Co., Ltd. ( (HK:9979) ) has issued an announcement.
Greentown Management Holdings Co., Ltd. announced the completion of an on-market share repurchase, buying back 10 million shares, which accounts for approximately 0.49751% of its total issued share capital. This move, executed under the Share Repurchase Mandate, resulted in a reduction of the company’s total issued shares to 2 billion. Additionally, the company’s CEO, Mr. Wang Junfeng, increased his personal stake by purchasing 500,000 shares, reflecting his confidence in the company’s future prospects. These actions indicate a strategic effort to enhance shareholder value and demonstrate leadership’s commitment to the company’s growth.
The most recent analyst rating on (HK:9979) stock is a Buy with a HK$4.00 price target. To see the full list of analyst forecasts on Greentown Management Holdings Co., Ltd. stock, see the HK:9979 Stock Forecast page.
More about Greentown Management Holdings Co., Ltd.
Greentown Management Holdings Co., Ltd. is incorporated in the Cayman Islands and operates in the real estate management industry. The company focuses on providing property management services and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 6,075,775
Technical Sentiment Signal: Hold
Current Market Cap: HK$5.99B
See more insights into 9979 stock on TipRanks’ Stock Analysis page.