Summary by Moomoo AI
SHUNYU OPTICAL TECHNOLOGY (GROUP) CO., LTD. (“SHUN YU OPTICS”) ANNOUNCED ON 27 MARCH 2024 THAT UNDER THE GENERAL MANDATES GRANTED AT THE ANNUAL GENERAL MEETING OF SHAREHOLDERS ON 24 MAY 2023, THE COMPANY HAS PURCHASED A TOTAL OF 490,000 ORDINARY SHARES ON THE MARKET. The maximum, minimum and average share buyback prices were HK$39.65, HK$38.90 and HK$39.2683 per share, at a total cost of approximately HK$19,241,470. The funds came from the Company's existing cash reserves and free cash flow. The repurchased shares represent approximately 0.04% of the total issued shares and the Company plans to write off the repurchased shares. The Board stated that this move was in the overall best interests of the Company and its shareholders and reflected confidence in the Company's...Show More