Sinopharm Plans Share Repurchase Mandate Vote

Sinopharm Group Co (HK:1099) has released an update.

Sinopharm Group Co. Ltd. has announced a domestic shareholders’ meeting to occur on June 13, 2024, where a special resolution will be considered to grant the Board a general mandate to repurchase up to 10% of the H Shares in issue. The repurchase plan includes a range of actions such as determining the repurchase price, opening overseas share accounts, and possibly canceling the repurchased shares or holding them as treasury shares.

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