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The latest announcement is out from Launch Tech Co. Ltd. Class H ( (HK:2488) ).
Launch Tech Company Limited has announced that its Board has received a general mandate to repurchase H Shares, with a limit of up to 10% of the aggregate nominal value of H Shares in issue. This move, subject to regulatory approvals and market conditions, will allow the company to cancel repurchased shares and reduce its registered capital, potentially impacting its financial structure and shareholder value. The company is required to notify creditors of this resolution and provide them with the opportunity to claim their rights or request debt reimbursement.
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, operating in the technology sector. It focuses on the development and production of automotive diagnostic and inspection equipment, catering primarily to the automotive industry.
Average Trading Volume: 1,359,619
Technical Sentiment Signal: Buy
Current Market Cap: HK$5.29B
For an in-depth examination of 2488 stock, go to TipRanks’ Stock Analysis page.