Minieye Technology Steps Up H-Share Buybacks to Signal Confidence in Valuation
I'm PortAI, I can summarize articles.
Minieye Technology Co., Ltd. has repurchased 3,004,800 H shares for approximately HK$44.9 million, averaging HK$14.94 per share, under a mandate allowing buybacks of up to 10% of its issued share capital. The board believes the current trading price undervalues the company, viewing the buyback as a sign of confidence and a strategy to enhance market valuation and shareholder returns. Future repurchases will depend on market conditions. The company is listed in Hong Kong under stock code 2431, with a current market cap of HK$6.08 billion.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments