Xiaomi Group implements a RMB 2.5 billion automatic share repurchase plan
Xiaomi Group-W (01810.HK) announced that it will implement an automatic share buyback plan starting from January 23, repurchasing up to HKD 2.5 billion of Class B ordinary shares.
The company has obtained a waiver from the Stock Exchange to strictly comply with the requirements of Listing Rule 10.06(2)(e), which restricts listed issuers from repurchasing shares during the restricted period before the regular performance announcement. Therefore, this will help the company conduct share buybacks in a more systematic and consistent manner
Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments