The latest announcement is out from Guotai Junan Securities Co., Ltd. Class H ( (HK:2611) ).
Guotai Haitong Securities Co., Ltd. announced a plan to repurchase A shares through centralized price bidding, with a budget ranging from RMB1 billion to RMB2 billion. The purpose of this repurchase is to safeguard the company’s value and protect shareholder interests, with the repurchase price capped at RMB26.35 per share. The company has assured that no major shareholders or senior management plan to reduce their shareholdings in the near future, indicating a stable outlook for stakeholders.
More about Guotai Junan Securities Co., Ltd. Class H
Guotai Haitong Securities Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. The company operates in the financial services industry, focusing on securities and related financial products. It is listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange.
YTD Price Performance: -10.84%
Average Trading Volume: 11,596,116
Technical Sentiment Signal: Buy
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