<div id="readability-page-1"><h3>Memorial Day Sale – Claim 70% Off TipRanks</h3><ul><li>Unlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis. </li><li>Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter </li></ul>The latest announcement is out from CIMC Enric Holdings ( (HK:3899) ). CIMC Enric Holdings has received shareholder approval for a general mandate allowing it to repurchase up to 10% of its issued share capital, excluding treasury shares. Following this mandate, the board has resolved to use part of this capacity to conduct an on-market buyback of no more than 1.5% of issued shares. The planned repurchase will be executed in the open market for a maximum aggregate consideration of HKD200 million, subject to market conditions and at the board’s discretion. The company frames the move as a reflection of confidence in its future prospects and intrinsic value, aiming to safeguard shareholder interests, bolster market confidence and enhance its investment appeal. The most recent analyst rating on (HK:3899) stock is a Buy with a HK$13.00 price target. To see the full list of analyst forecasts on CIMC Enric Holdings stock, see the HK:3899 Stock Forecast page. More about CIMC Enric Holdings CIMC Enric Holdings Limited is a Hong Kong–listed company incorporated in the Cayman Islands and traded under stock code 3899. The group operates in industrial equipment and related solutions, with a shareholder base that includes non-executive, executive and independent non-executive directors overseeing its governance and strategic development. Average Trading Volume: 8,528,764 Technical Sentiment Signal: Buy Current Market Cap: HK$19.64B For an in-depth examination of 3899 stock, go to TipRanks’ Overview page.</div>

03899

CIMC Enric Holdings (HK:3899) has received shareholder approval for a mandate to repurchase up to 10% of its issued share capital. The board plans to buy back no more than 1.5% of issued shares in the open market for up to HKD200 million, reflecting confidence in its future prospects. The latest analyst rating for the stock is a Buy with a price target of HK$13.00.

CIMC Enric Launches On-Market Share Buyback of Up to 1.5% of Capital