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WUXI XDC Opens 2.15% Higher w/ Plan of Share Buyback of Up to USD100M
Recommend 4 Positive 3 Negative 4 |
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WUXI XDC (02268.HK) announced that it resolved to utilize internal funds of up to US$100 million for the professional trustee appointed by the Company in respect of the share schemes of the Company from time to time to purchase the Shares in the open market at the prevailing market price. The Company believed that the current trading price of the Shares does not reflect their intrinsic value or the actual business prospects of the Company, which represents a good opportunity for the Company to conduct the Proposed Share Purchase. WUXI XDC opened 2.15% higher this morning at HKD54.55, with 19,600 shares traded in the pre-market session, involving HKD1.07 million. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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