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An announcement from Xiamen Yan Palace Bird’s Nest Industry Co., Ltd. Class H ( (HK:1497) ) is now available.
Xiamen Yan Palace Bird’s Nest Industry Co., Ltd. has announced a voluntary repurchase of its H shares, with a budget not exceeding HK$100 million, representing up to 10% of its total H shares in issue. The board believes the shares are undervalued and that the repurchase will enhance shareholder value and demonstrate confidence in the company’s business prospects. The repurchase will be funded from existing cash reserves, and the company will comply with all relevant regulations.
More about Xiamen Yan Palace Bird’s Nest Industry Co., Ltd. Class H
Xiamen Yan Palace Bird’s Nest Industry Co., Ltd. is a joint stock company incorporated in the People’s Republic of China. It operates in the bird’s nest industry, focusing on the production and distribution of bird’s nest products. The company is listed on the Hong Kong Stock Exchange and aims to cater to the growing market demand for bird’s nest products.
Average Trading Volume: 95,723
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.81B
Find detailed analytics on 1497 stock on TipRanks’ Stock Analysis page.