Dongyue Group Limited (HK:0189) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Dongyue Group Limited has announced the early termination of its employee option scheme, effective from 27 September 2024, with no outstanding options affected. The company also plans to sell all shares held under the scheme and has expressed intentions to repurchase shares on the open market, not exceeding 10% of its total issued share capital as per the mandate approved in the 2024 annual general meeting. Share repurchases will depend on market conditions and are at the discretion of the Board, with no plans to trigger a mandatory general offer or reduce public float below regulatory thresholds.
For further insights into HK:0189 stock, check out TipRanks’ Stock Analysis page.