Summary by Moomoo AI
Tung Yue Group Limited filed a Next Day Disclosure Report with the Hong Kong Stock Exchange Limited on 3 May 2024, disclosing the changes in its issued share capital. According to the report, the company repurchased shares on March 5, 2024 pursuant to a special resolution approved by independent shareholders on December 18, 2023, and on May 3, 2024, repurchased 520,977,818 shares of ordinary shares, representing 23.12% of the shares issued prior to its repurchase. The repurchase price per share was HKD 7.1, compared to the closing price of HKD 7.04 on the previous business day, representing a margin of 0.852%. After the repurchase and write-off, the Company's issued shares decreased to 1,732,711,637 shares. The Company confirms that the repurchase and write-off of the shares concerned have been approved by the Board of Directors and have complied with all relevant legal and regulatory requirements.