AInnovation Technology Steps Up Share Buy-Backs to Signal Confidence
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AInnovation Technology Group Co. Ltd (HK:2121) has announced the buyback of 1,084,200 shares for HK$5.97 million under a RMB100 million repurchase mandate. This move aims to demonstrate confidence in the company's outlook and enhance shareholder value, while maintaining a healthy balance sheet. The board will consider future repurchases based on market conditions. Currently, analysts rate the stock as a Sell with a price target of HK$5.50. The company operates in the technology sector and is listed in Hong Kong.
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