Zhaojin Mining Industry Co (HK:1818) has released an update.
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Zhaojin Mining Industry Co. announced successful voting results for the special resolution to update the general mandate for the Board to repurchase H Shares, with 100% approval from domestic shareholders and significant attendance at both domestic and H share class meetings. The resolution allows the Board to repurchase up to 10% of the total issued H Shares, signaling potential future stock buybacks that could influence the company’s share value.
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