Coolpad Group to Enhance Shareholder Value with New Share Repurchase Plan
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Coolpad Group Limited (HK:2369) has announced a new share repurchase plan to enhance shareholder value and promote sustainable operations. The company will seek shareholder approval for refreshing its existing repurchase mandate at an extraordinary general meeting. The Board expresses confidence in the company's long-term prospects. The latest analyst rating for Coolpad Group stock is a Hold with a price target of HK$1.50. The company has seen a year-to-date price performance decline of 46.64% and currently has a market cap of HK$490.7M.
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