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An update from Ming Yuan Cloud Group Holdings Limited ( (HK:0909) ) is now available.
Ming Yuan Cloud Group Holdings Limited has announced the completion of a share repurchase program, where it repurchased 31,253,000 shares, representing approximately 1.63% of its issued shares, for HK$69,071,800. The company has now initiated a new share repurchase program, approved by the board, to buy back up to 10% of its shares using at least HK$200,000,000 over the next six months. This move is seen as a reflection of the board’s confidence in the company’s business prospects and its belief that the current share price does not reflect the intrinsic value of the company.
The most recent analyst rating on (HK:0909) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Ming Yuan Cloud Group Holdings Limited stock, see the HK:0909 Stock Forecast page.
More about Ming Yuan Cloud Group Holdings Limited
Ming Yuan Cloud Group Holdings Limited is a company incorporated in the Cayman Islands, operating in the technology sector. The company, along with its subsidiaries and affiliated entities, focuses on providing cloud-based solutions and services.
Average Trading Volume: 21,657,866
Technical Sentiment Signal: Hold
Current Market Cap: HK$5.98B
See more insights into 0909 stock on TipRanks’ Stock Analysis page.