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The latest announcement is out from Skyworth Digital Holdings ( (HK:0751) ).
Skyworth Group Limited, a company listed on the Hong Kong Stock Exchange, has completed a cash offer to buy back up to 350 million shares at HK$3.11 per share. The completion of this offer resulted in the cancellation of 341,262,688 shares, reducing the total number of issued shares from 2,233,267,420 to 1,892,004,732. This buyback has significantly increased the shareholding percentage of the Wong Concert Party Group from 56.04% to 66.15%, potentially strengthening their control over the company.
More about Skyworth Digital Holdings
Average Trading Volume: 9,241,595
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$7.28B
For an in-depth examination of 0751 stock, go to TipRanks’ Overview page.