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Jiumaojiu International Holdings Ltd. ( (HK:9922) ) has provided an update.
Jiumaojiu International Holdings Limited has announced its intention to conduct an on-market share repurchase, utilizing its existing cash reserves to repurchase shares worth up to HK$200 million. The decision, made under a general mandate approved by shareholders, allows the company to repurchase up to 10% of its issued shares, excluding treasury shares, subject to market conditions. This move is in compliance with relevant laws and regulations, and the company has no intention of triggering a mandatory offer or reducing the public float below regulatory requirements. The repurchase is at the discretion of the board, with no assurance on timing, quantity, or price.
The most recent analyst rating on (HK:9922) stock is a Hold with a HK$3.40 price target. To see the full list of analyst forecasts on Jiumaojiu International Holdings Ltd. stock, see the HK:9922 Stock Forecast page.
More about Jiumaojiu International Holdings Ltd.
Average Trading Volume: 21,092,412
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.45B
For an in-depth examination of 9922 stock, go to TipRanks’ Stock Analysis page.