GCL-Poly Energy Holdings (HK:3800) has released an update.
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GCL Technology Holdings has announced an update on their Share Buy-back and Cancellation plan, revealing that due to volatile market conditions, only HK$ 24 million has been spent on buy-backs so far, significantly less than the targeted RMB680 million for 2024. The company cites excessive competition in the photovoltaic industry and plans to halt further buy-backs this year to maintain operational stability. However, the board remains committed to pursuing the plan over the next three years, subject to market conditions and board approval.
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