J&T Global Express Limited (HK:1519) has released an update.
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J&T Global Express Limited has announced a share buy-back plan aimed at purchasing up to 10% of its Class B shares, utilizing existing cash reserves and free cash flow. The company’s board believes the shares are undervalued and sees this move as a strategic effort to manage capital and enhance shareholder value. J&T Global Express remains focused on strengthening its market position in Southeast Asia and China, leveraging growth opportunities from expanding e-commerce platforms.
For further insights into HK:1519 stock, check out TipRanks’ Stock Analysis page.