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International Housewares Retail Co ( (HK:1373) ) has issued an update.
International Housewares Retail Company Limited announced a voluntary repurchase of 150,000 of its ordinary shares at an average price of HK$0.9577 per share, totaling HK$143,650. This repurchase represents approximately 0.02077% of the company’s issued shares and is part of a strategy to address the undervaluation of its stock. The board believes that the company’s current financial resources are sufficient to support this repurchase while maintaining a strong financial position, indicating confidence in the company’s ongoing operations.
More about International Housewares Retail Co
International Housewares Retail Company Limited is a company incorporated in the Cayman Islands, operating in the retail industry with a focus on housewares. The company is listed on the Hong Kong Stock Exchange under the stock code 1373.
YTD Price Performance: -8.16%
Average Trading Volume: 593,115
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$644.7M
Learn more about 1373 stock on TipRanks’ Stock Analysis page.