China Shenhua Energy Co (HK:1088) has released an update.
China Shenhua Energy Co. has announced a meeting for H share holders on June 21, 2024, to consider a special resolution empowering the board of directors to repurchase up to 10% of the company’s H shares on the Hong Kong Stock Exchange. The authorization for the share repurchase plan will include formulating and implementing the repurchase strategy and handling all related legal and regulatory procedures. The mandate, if approved, will be valid until the next annual general meeting or until a new resolution is passed.
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