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Launch Tech Co. Ltd. Class H ( (HK:2488) ) has issued an announcement.
Launch Tech Company Limited has announced that its board has been granted a general mandate to repurchase H shares, which could amount to up to 10% of the aggregate nominal value of H shares in issue. This decision, made during the company’s annual general meeting, is subject to market conditions and regulatory approvals. The repurchase of shares will lead to a reduction in the company’s registered capital, and creditors have been notified of their rights to claim debts or request guarantees as per PRC Company Law.
More about Launch Tech Co. Ltd. Class H
Launch Tech Company Limited is a joint stock limited company incorporated in the People’s Republic of China. It operates in the technology industry, focusing on the development and provision of automotive diagnostic and inspection equipment. The company is listed on the Hong Kong Stock Exchange under the stock code 2488.
YTD Price Performance: 45.47%
Average Trading Volume: 1,351,710
Technical Sentiment Signal: Buy
Current Market Cap: HK$5.25B
For an in-depth examination of 2488 stock, go to TipRanks’ Stock Analysis page.
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