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An update from Jiangxi Rimag Group Co., Ltd. Class H ( (HK:2522) ) is now available.
Jiangxi Rimag Group Co., Ltd. has announced a share repurchase under its repurchase mandate, acquiring 194,000 H Shares at an average price of approximately HK$10.2868 per share. This move is part of a broader strategy to reflect the intrinsic value of the shares and demonstrate management’s confidence in the company’s long-term prospects. Additionally, the company’s Chairman, Mr. Chen Zhaoyang, has increased his shareholding by purchasing 58,000 H Shares, further signaling confidence in the company’s growth potential. These actions are intended to promote stable development and safeguard public investor interests while maintaining sufficient public float.
The most recent analyst rating on (HK:2522) stock is a Sell with a HK$14.00 price target. To see the full list of analyst forecasts on Jiangxi Rimag Group Co., Ltd. Class H stock, see the HK:2522 Stock Forecast page.
More about Jiangxi Rimag Group Co., Ltd. Class H
Jiangxi Rimag Group Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, focusing on enhancing its capital market value and shareholder return capability.
Average Trading Volume: 10,498,256
Technical Sentiment Signal: Sell
Current Market Cap: HK$4.39B
Learn more about 2522 stock on TipRanks’ Stock Analysis page.