Yadea Group Holdings Ltd. (HK:1585) has released an update.
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Yadea Group Holdings Ltd., a company listed on the Hong Kong Stock Exchange, has announced a strategic purchase of up to 31 million shares, about 1.01% of its total issued capital, as part of its share award scheme. The company views the current market prices as a favorable opportunity for this acquisition, aiming to reserve these shares for future awards to eligible participants. The shares acquired will be managed by the scheme’s delegated administrators and are not considered as public holdings.
For further insights into HK:1585 stock, check out TipRanks’ Stock Analysis page.