CIMC Expands H-Share Buyback With Second HK$300 Million Tranche
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China International Marine Containers (Group) Co., Ltd. has expanded its H-share buyback program with a second tranche of up to HK$300 million. This follows a previous buyback of over 60 million H shares for HK$450.5 million. The repurchased shares will be held as treasury shares and may be cancelled, sold, or used for employee share plans. The move aims to protect shareholder interests and bolster investor confidence. The latest analyst rating for the stock is a Buy with a HK$9.00 price target.
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