Ritamix Global Limited (HK:1936) has released an update.
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Ritamix Global Limited has announced its intention to launch a Share Repurchase Programme, aiming to buy back shares worth up to HK$12 million from the open market due to the current undervaluation of the company’s stock. The repurchase window is set from 12 August 2024 to 31 December 2024, with the plan to possibly cancel these shares or retain them as treasury shares based on market conditions and the company’s capital needs. The company’s board assures that the repurchase will be executed with the company’s financial health in mind and may result in increased shareholder value.
For further insights into HK:1936 stock, check out TipRanks’ Stock Analysis page.