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An announcement from YSB Inc. ( (HK:9885) ) is now available.
YSB Inc., a company incorporated in the Cayman Islands, has announced a voluntary share repurchase plan and an increase in shareholding by an executive director. The company plans to repurchase up to HKD100 million worth of shares, citing the current share price as undervalued and not reflective of its business prospects. This move is seen as a demonstration of confidence in the company’s long-term growth and market performance. Additionally, Executive Director Mr. Fei Chen has acquired 200,000 shares, further indicating strong confidence in the company’s future and his commitment to its growth.
More about YSB Inc.
Average Trading Volume: 9,039,284
Technical Sentiment Signal: Sell
Current Market Cap: HK$5.19B
For a thorough assessment of 9885 stock, go to TipRanks’ Stock Analysis page.