Vobile Group Plans Strategic Share Buyback

Vobile Group (HK:3738) has released an update.

Vobile Group Limited has announced its intention to buy back shares worth up to HK$200 million in the open market, under the existing shareholders’ mandate. The initiative is a sign of the company’s confidence in its future prospects and is aimed at increasing shareholder value and supporting long-term growth. However, the repurchases are dependent on market conditions and are at the discretion of the company’s Board.

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