Newborn Town Inc. (HK:9911) has released an update.
Newborn Town Inc. has demonstrated its confidence in the company’s future by purchasing an additional 2,888,000 shares, amounting to approximately 0.24% of the total shares issued, at an average price of HK$3.23 per share. This move, part of the ongoing RSU Award Scheme, is seen as a strategic effort to enhance shareholder value and is supported by the company’s strong financial resources. The Board maintains discretion over the timing and extent of any future share purchases.
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