TUHU Car Inc. Class A (HK:9690) has released an update.
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TUHU Car Inc. has announced its intention to buy back Class A shares from the open market, a move demonstrating confidence in the company’s future and aimed at increasing shareholder value. The repurchases will be funded by TUHU’s own financial resources, not from global offering proceeds, and over HK$204 million has already been utilized for this purpose. Additionally, the company has adopted a Second Post-IPO Share Scheme to enhance compensation packages and retain talent by purchasing shares at competitive prices for future grants to eligible participants.
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