China Mengniu Dairy Co (HK:2319) has released an update.
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China Mengniu Dairy Company Limited announced a share repurchase plan to buy back up to HK$2 billion of its shares on the Hong Kong Stock Exchange, aiming to increase shareholder value and earnings per share. The buyback is at the discretion of the company’s board, contingent on market conditions and legal compliances. The company believes this move will sustain a stable return for investors while maintaining a solid financial standing.
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