Pangaea Connectivity Technology Limited (HK:1473) has released an update.
Pangaea Connectivity Technology Limited has announced its intention to repurchase shares worth up to HK$10 million, utilizing its existing cash reserves and free cash flow. The buy-back is part of a strategic effort to align with the company’s confidence in its long-term business prospects, aiming to enhance shareholder value as the board believes the current share price undervalues the company. Shareholders are cautioned that repurchase transactions depend on market conditions and are at the board’s discretion.
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