Newborn Town Inc. Buys Shares, Signals Confidence

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

Newborn Town Inc. has carried out a strategic share purchase, acquiring an additional 4,336,000 shares at an average price of HK$3.44 per share, reflecting the company’s confidence in its business outlook and future value creation for shareholders. The total amount spent on this purchase was approximately HK$14.91 million, which is seen as a move to reinforce the company’s solid financial standing and commitment to its RSU Award Scheme.

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