Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Haier Smart Home Co., Ltd. Class H ( (HK:6690) ) has provided an announcement.
Haier Smart Home’s board has approved a new A-share repurchase plan to be executed via centralized bidding over a 12‑month period, with a budget of RMB3 billion to RMB6 billion and a maximum price of RMB35 per share. The company expects to buy back between 85.71 million and 171.43 million shares, equivalent to about 0.91% to 1.83% of its total share capital.
The repurchased shares will be used for employee share ownership plans or equity incentive schemes, and the board is authorized to proceed without seeking separate shareholder approval under Chinese corporate rules. Funded by the company’s own and self-raised funds, the plan signals management’s confidence in Haier Smart Home’s future growth prospects and is designed to align employee interests with shareholders, potentially supporting the share price and reinforcing its market position.
The most recent analyst rating on (HK:6690) stock is a Buy with a HK$31.00 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 Chinese home appliance maker listed in Hong Kong and mainland China, active in the global smart home and white-goods industry. The company focuses on manufacturing and selling a broad range of smart household appliances and related solutions, targeting both domestic and international mass-market and mid-to-high-end consumers.
Average Trading Volume: 13,988,185
Technical Sentiment Signal: Sell
Current Market Cap: HK$239.3B
Find detailed analytics on 6690 stock on TipRanks’ Stock Analysis page.