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GIANT BIOGENE Once Surges 13% After Midday Amid Heavy Trading, Intends to Buy Back Max. 10% of Issued Shrs
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GIANT BIOGENE (02367.HK) opened rising by less than 0.1% this morning (2nd). It announced at noon a buy-back plan of no more than about 104 million shares, lifting its stock price by nearly 13% to a peak of HKD41.32 after midday. It last traded at HKD39.56, up 8.15%, with a volume soaring to 30.4051 million shares, involving HKD1.196 billion. According to GIANT BIOGENE's announcement, the company intends to repurchase shares under the share repurchase mandate. It will buy back no more than around 104 million shares, 10% of the number of shares in issue as at the passing date of the resolution at the AGM. AAStocks Financial News |
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