Yidu Tech, Inc. (HK:2158) has released an update.
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Yidu Tech Inc. has announced a potential on-market repurchase of its shares, representing up to 10% of its total shares, under a mandate approved by shareholders. The move, intended to boost investor confidence and reflect the company’s belief in its future growth, will be funded by internal cash without affecting operational liquidity. No shares have been repurchased yet, and any future repurchases depend on market conditions and board discretion.
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