Liaoning Port Company Limited Class H (HK:2880) has released an update.
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Liaoning Port Co., Ltd. has announced its second share repurchase initiative to bolster shareholder value and public confidence, intending to use company funds to buy back and cancel its RMB ordinary shares (A shares). This move, approved by the company’s board and pending shareholder meeting approval, aims to enhance the stock’s reasonable return and reflect the company’s optimism about its stable future development and financial health. The repurchase will take place through centralized price bidding on the Shanghai Stock Exchange and will last no more than 12 months from the shareholder approval date.
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