SDHG announced a stock repurchase plan of up to $100 million
On the evening of September 16, SDHG announced a share repurchase plan with a maximum scale of up to USD 100 million. SDHG stated that the board of directors has resolved to exercise the general authorization obtained at the shareholders' annual meeting to repurchase shares in the open market. The company plans to repurchase shares at a price not exceeding HKD 17 per share, with a total amount not exceeding USD 100 million. The funds will come from existing cash flow and working capital. SDHG is a Chinese integrated computing enterprise
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