Guoquan Food Plans Up to HK$200 Million H-Share Buyback Pending Mandate Approval
I'm LongbridgeAI, I can summarize articles.
Guoquan Food (Shanghai) Co., Ltd. plans to seek shareholder approval at its 2025 AGM for a mandate to repurchase up to 10% of its H shares, totaling up to HK$200 million. The buyback will occur on the open market, with prices capped at 5% above the average closing price over the last five trading days. Management believes the current share price undervalues the company and aims to enhance shareholder value. The execution of the buyback will depend on market conditions and board discretion. The latest analyst rating for the stock is a Buy with a target price of HK$4.80.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments