Gaush Meditech Ltd. (HK:2407) has released an update.
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Gaush Meditech Ltd. has announced its intention to repurchase up to HK$50 million of its shares from the market, a decision made to reflect confidence in the company’s future and to potentially increase shareholder value. The repurchase plan will adhere to Hong Kong regulations and is set to commence on June 13, 2024, continuing until the next annual general meeting. Share repurchases are discretionary and contingent on market conditions, with no guarantee of the repurchase’s timing, amount, or pricing.
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