Country Garden Services Holdings Co ( (HK:6098) ) has shared an update.
Country Garden Services Holdings Co has announced its intention to conduct an on-market share repurchase and/or purchase using at least RMB500 million from its existing cash reserves. This move is intended to demonstrate the company’s confidence in its long-term business prospects and is considered beneficial for the company and its shareholders. The repurchased shares will either be used as treasury shares for a share scheme or canceled, while purchased shares will be held in trust for selected participants under a share award scheme. The company assures that it is in a stable financial position to support this initiative while continuing its business growth.
More about Country Garden Services Holdings Co
Country Garden Services Holdings Co is a company incorporated in the Cayman Islands, primarily operating in the property management industry. It is listed on the Hong Kong Stock Exchange and focuses on providing property management services.
YTD Price Performance: 16.67%
Average Trading Volume: 1,362
Technical Sentiment Signal: Sell
Current Market Cap: $2.67B
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