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Haier Smart Home Alters Repurchase Plan to Reduce Capital

Story Highlights
  • Haier Smart Home shifts repurchased shares from equity incentives to capital reduction.
  • The change aims to protect investor interests and adjust Haier’s capital structure.
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Haier Smart Home Alters Repurchase Plan to Reduce Capital

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Haier Smart Home Co., Ltd. Class H ( (HK:6690) ) has issued an announcement.

Haier Smart Home Co., Ltd. announced a change in the use of its repurchased shares, initially intended for equity incentives and employee stock ownership plans, to be canceled for reducing registered capital. This decision, made during the Board’s 12th session meeting, reflects the company’s strategy to safeguard investor interests and adjust its capital structure, potentially impacting its financial operations and shareholder value.

The most recent analyst rating on (HK:6690) stock is a Buy with a HK$32.00 price target. To see the full list of analyst forecasts on Haier Smart Home Co., Ltd. Class H stock, see the HK:6690 Stock Forecast page.

More about Haier Smart Home Co., Ltd. Class H

Haier Smart Home Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the home appliance industry. The company focuses on providing smart home solutions and has a significant market presence in the production and sale of household appliances.

Average Trading Volume: 16,447,646

Technical Sentiment Signal: Buy

Current Market Cap: HK$257.6B

For detailed information about 6690 stock, go to TipRanks’ Stock Analysis page.

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