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Launch Tech Co. Ltd. Class H ( (HK:2488) ) has issued an announcement.
Launch Tech Co. Ltd. has announced that its Board has been granted a general mandate to repurchase up to 10% of its H Shares, following approval at the annual general meeting. This move, subject to regulatory compliance, is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value. The company will notify creditors of the capital reduction resulting from the share repurchase, allowing them to claim their rights or request debt reimbursement guarantees.
More about Launch Tech Co. Ltd. Class H
Launch Tech Co. Ltd. is a joint stock limited company incorporated in the People’s Republic of China, operating within the technology industry. The company primarily focuses on the development and provision of automotive diagnostic equipment and solutions, catering to a global market.
Average Trading Volume: 1,327,385
Technical Sentiment Signal: Buy
Current Market Cap: HK$5.12B
For a thorough assessment of 2488 stock, go to TipRanks’ Stock Analysis page.