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International Housewares Retail Co ( (HK:1373) ) just unveiled an update.
International Housewares Retail Company Limited has announced a voluntary repurchase of 150,000 of its ordinary shares at HK$1.0300 per share, amounting to approximately HK$154,500. This repurchase represents about 0.0207% of the company’s total issued shares. The Board of Directors believes the company’s shares are undervalued and intends to maintain a solid financial position while conducting the repurchase. The move is expected to potentially enhance shareholder value by reducing the number of shares outstanding.
More about International Housewares Retail Co
International Housewares Retail Company Limited is incorporated in the Cayman Islands and engages in the retail industry, focusing on housewares. The company operates with a broad market focus, primarily targeting consumers seeking household products.
YTD Price Performance: 5.10%
Average Trading Volume: 484,766
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$739.7M
For detailed information about 1373 stock, go to TipRanks’ Stock Analysis page.