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An update from Shougang Concord Century Holding Ltd. ( (HK:0103) ) is now available.
Shougang Century Holdings Limited, a company incorporated in Hong Kong, has announced a voluntary share buy-back program. The company plans to repurchase up to HK$100 million worth of its shares from the open market over a two-year period. This decision reflects the company’s belief that its current share price is undervalued and demonstrates confidence in its long-term growth prospects. The buy-back is expected to enhance shareholder value and is supported by the company’s strong financial position. However, the execution of this program will depend on market conditions and the discretion of the board.
More about Shougang Concord Century Holding Ltd.
Average Trading Volume: 2,275,822
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.22B
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