Zhuzhou CRRC Times Electric Co (HK:3898) has released an update.
Zhuzhou CRRC Times Electric Co. announces a forthcoming meeting for H Shareholders on June 27, 2024, to decide on a special resolution authorizing the Board to repurchase up to 10% of the company’s H shares. The repurchase plan includes various strategic actions such as determining repurchase conditions, complying with legal requirements, and adjusting the company’s registered capital and share structure as necessary. The resolution aims to enhance shareholder value based on market conditions and the company’s needs.
For further insights into HK:3898 stock, check out TipRanks’ Stock Analysis page.
