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Mobi Development Co., Ltd. ( (HK:0947) ) has issued an announcement.
Mobi Development Co., Ltd. has convened its annual general meeting for 29 May 2026 in Shenzhen, where shareholders will review the audited consolidated financial statements for the year ended 31 December 2025 and consider the re-election and remuneration of directors. The agenda also includes re-appointment of Deloitte Touche Tohmatsu as auditor and a mandate for the board to allot new shares up to 20% of existing capital.
Shareholders will further vote on granting the board authority to repurchase the company’s shares on the Hong Kong Stock Exchange and other recognized exchanges, subject to regulatory requirements. The proposed issuance and buyback mandates are standard corporate housekeeping measures that, if approved, will give Mobi’s board additional flexibility in capital management and potential future fundraising or capital return activities.
More about Mobi Development Co., Ltd.
Mobi Development Co., Ltd. is a Hong Kong-listed company incorporated in the Cayman Islands and headquartered in Shenzhen, China. The company operates in the technology and telecommunications equipment sector, and its shares are traded on the Main Board of The Stock Exchange of Hong Kong under stock code 947.
Average Trading Volume: 4,014,105
Technical Sentiment Signal: Hold
Current Market Cap: HK$145M
For a thorough assessment of 0947 stock, go to TipRanks’ Stock Analysis page.