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TUHU Car Inc. Class A ( (HK:9690) ) has shared an announcement.
Tuhu Car Inc. announced the purchase of 11,284,400 Class A Shares under its Second Post-IPO Share Scheme, representing approximately 1.38% of its issued share capital and 34.2% of the scheme mandate limit. This move, funded by internal resources, reflects the company’s confidence in its business outlook and serves as a strategy to attract talent and align employee interests with the company’s long-term growth objectives.
More about TUHU Car Inc. Class A
Tuhu Car Inc. is a company incorporated in the Cayman Islands, operating under a weighted voting rights structure which includes Class A Shares and Class B ordinary shares. The company is involved in the automotive industry, focusing on car services and maintenance. It operates with a market emphasis on strategic growth and value proposition through its share schemes.
YTD Price Performance: -5.11%
Average Trading Volume: 1,987,655
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$12.84B
For a thorough assessment of 9690 stock, go to TipRanks’ Stock Analysis page.