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Onewo, Inc. Class H ( (HK:2602) ) has shared an update.
Onewo Inc., a joint stock company incorporated in China, has announced its intention to conduct an on-market share repurchase. The company plans to repurchase up to 10% of its H shares, utilizing a maximum of RMB0.5 billion, as a demonstration of confidence in its business prospects. This move is expected to benefit the company and its shareholders by potentially enhancing shareholder value. The repurchase will be funded from the company’s financial resources and will comply with relevant regulations. The implementation is subject to market conditions and the discretion of the board.
The most recent analyst rating on (HK:2602) stock is a Hold with a HK$21.00 price target. To see the full list of analyst forecasts on Onewo, Inc. Class H stock, see the HK:2602 Stock Forecast page.
More about Onewo, Inc. Class H
Average Trading Volume: 1,236,147
Technical Sentiment Signal: Sell
Current Market Cap: HK$23.55B
Learn more about 2602 stock on TipRanks’ Stock Analysis page.