Jiumaojiu International Holdings Ltd. (HK:9922) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Jiumaojiu International Holdings Ltd has announced its intention to buy back shares on the market, with a maximum aggregate amount of HK$200 million, using its existing cash reserves. The repurchase is in accordance with the Repurchase Mandate authorized by shareholders, not exceeding 10% of issued shares, and will comply with relevant laws and regulations, ensuring the public float remains above the required threshold. Shareholders are advised to exercise caution as the repurchase will depend on market conditions and the Board’s discretion.
For further insights into HK:9922 stock, check out TipRanks’ Stock Analysis page.