Newborn Town Inc. Buys Back Shares, Signals Confidence

Newborn Town Inc. (HK:9911) has released an update.

Newborn Town Inc. has demonstrated confidence in its business prospects by continuing its share purchase program, with Three D Partners Limited acquiring an additional 1,312,000 shares at an average price of HK$3.80 each. This recent purchase is part of an ongoing strategy under the RSU Award Scheme, with the company indicating plans to invest up to HK$50 million in future share purchases while maintaining a strong financial position. The initiative is seen as a value-creating move for shareholders.

For further insights into HK:9911 stock, check out TipRanks’ Stock Analysis page.