CITIC (HK:0267) has released an update.
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CITIC Limited has announced that directors and senior management have already exceeded HK$60 million in voluntary share purchases of the company, as part of a commitment to buy at least HK$100 million worth of shares using personal funds by the end of 2024. This move is subject to compliance and trading restrictions and carries a degree of uncertainty, prompting a cautionary note for shareholders and potential investors when dealing with the company’s securities.
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