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MEITUAN-W: Company Value Severely Undervalued; Share Buyback Planned
2026-06-26 14:58:45 At the AGM, Wang Xing, Chief Executive Officer of MEITUAN-W (03690.HK), said the company’s share price performance over the past few years had been unsatisfactory and he feels a strong sense of responsibility for this, according to China Business Network. Apart from actively improving operations, he also called on the entire industry to pursue more rational development. Chief Financial Officer Chen Shaohui stated that the company’s value is now severely undervalued and therefore a share buyback is planned. Wang added that MEITUAN-W will also adopt other measures to provide greater confidence to the market, including considering exiting certain external investments under appropriate circumstances, as these investments could generate favorable returns after listing. MEITUAN-W’s latest share price was HKD64.45, down 2.5%, with trading volume of 57.1823 million shares, involving HKD3.776 billion. ~ AASTOCKS Financial News Website: www.aastocks.com | |