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An update from Simcere Pharmaceutical Group Limited ( (HK:2096) ) is now available.
Simcere Pharmaceutical Group Limited announced a voluntary share repurchase plan, utilizing a mandate to buy back up to 10% of its shares, valued at a maximum of RMB500 million. This move, funded by internal resources, reflects the company’s confidence in its business prospects and aims to enhance shareholder value while maintaining a strong financial position. The repurchase will be conducted in compliance with relevant regulations and is subject to market conditions.
More about Simcere Pharmaceutical Group Limited
Simcere Pharmaceutical Group Limited is a company incorporated in Hong Kong, operating in the pharmaceutical industry. It focuses on the development, production, and distribution of pharmaceutical products, with a market focus on enhancing its business outlook and creating value for shareholders.
Average Trading Volume: 21,146,293
Technical Sentiment Signal: Buy
Current Market Cap: HK$31.38B
See more insights into 2096 stock on TipRanks’ Stock Analysis page.