MAO GEPING (01318): Plans to repurchase H shares.
Mao Ge Ping (01318) announced that, based on confidence in the company's future development prospects and recognition of its long-term value, in order to safeguard the interests of shareholders and enhance investor confidence, the board of directors or its authorized persons intend to exercise the buyback authorization for H shares. They will repurchase H shares at different times in the open market based on market conditions, with the total buyback amount not exceeding HKD 500 million. The buyback period for H shares will last until the expiration date of the buyback authorization, unless the total buyback amount reaches the aforementioned limit or the board of directors or its authorized persons decide to terminate this buyback plan early. The repurchased H shares will be canceled or held as treasury shares.
MAO GEPING (01318) announced that, based on confidence in the companys future development prospects and recognition of its long-term value, the board of directors or its authorized persons intend to exercise the H-share repurchase authorization to protect the interests of shareholders and enhance investor confidence. The repurchase of H-shares will be carried out from time to time in the open market depending on market conditions, with a total amount not exceeding HKD 500 million. The period for repurchasing H-shares will last until the authorization for repurchasing H-shares expires, unless the total amount of the repurchased H-shares reaches the aforementioned limit or the board of directors or its authorized persons decide to terminate this repurchase plan early. The repurchased H-shares will be cancelled or held as treasury shares.
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