Gushengtang Holdings Limited (HK:2273) has released an update.
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Gushengtang Holdings Limited has announced a share repurchase initiative, utilizing a mandate to buy back up to 10% of its shares, potentially enhancing shareholder value and demonstrating confidence in its long-term prospects. The proposed buyback, capped at HK$200 million, will be funded by the company’s internal resources and is subject to market conditions. This move reflects the company’s stable financial position and commitment to growth.
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