Jiumaojiu International Holdings Ltd. (HK:9922) has released an update.
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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.
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