Guoquan Food (Shanghai) Company., Ltd. Class H (HK:2517) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Guoquan Food (Shanghai) Co., Ltd. has announced a plan to repurchase up to HK$100 million worth of its H Shares from the open market, with the aim of demonstrating confidence in its business prospects and enhancing shareholder value. The share buyback will be conducted under a previously granted mandate, with repurchases subject to market conditions and the board’s discretion. This move reflects the company’s belief that its current share price does not adequately represent its intrinsic value and growth potential.
For further insights into HK:2517 stock, check out TipRanks’ Stock Analysis page.