Guotai Junan International Holdings Limited (HK:1788) has released an update.
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.
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