Hygrovest Limited (AU:HGV) has released an update.
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Hygrovest Limited, an Australian investment company focused on capital growth, has announced an on-market buyback of up to 10% of its ordinary shares to be initiated on 10 October 2024. The buyback is aimed at improving capital management, considering the shares are currently trading at a discount compared to their net asset value. The Board has emphasized the buyback’s dependency on market conditions and retains the flexibility to suspend or terminate the program.
For further insights into AU:HGV stock, check out TipRanks’ Stock Analysis page.
