Beijing Luzhu Biotechnology Co., Ltd. Class H (HK:2480) has released an update.
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Beijing Luzhu Biotechnology Co., Ltd. has announced the on-market repurchase of 1,432,600 of its H shares on July 12 and 15, 2024, utilizing internal resources to fund the transaction. The repurchased shares, representing approximately 0.71% of the company’s total issued share capital, are now held as treasury shares. The company’s Board may continue to repurchase shares depending on market conditions, adhering to regulatory compliance and without impacting the obligatory public float levels.
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