Guotai Junan International Holdings Limited (HK:1788) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Guotai Junan International Holdings Limited plans to buy back up to 10% of its shares under a general mandate approved by shareholders, aiming to correct what the Board perceives as a disconnect between the current trading price and the intrinsic value of the shares. This move is seen as a sign of the company’s confidence in its long-term prospects and is intended to add value for shareholders. The company will fund the share buy-back with its available cash and will cancel any shares purchased, ensuring compliance with Hong Kong’s listing regulations and maintaining the required public float.
For further insights into HK:1788 stock, check out TipRanks’ Stock Analysis page.
