Summary by Moomoo AI
ZINTOYU TECHNOLOGY GROUP CO., LTD. (“CHINATYU”) ANNOUNCED THAT IT WILL USE NO MORE THAN HK$100 MILLION TO REPURCHASE SHARES ON THE PUBLIC MARKET. This move is based on the mandate approved by the General Meeting of Shareholders on 2 June 2023 to allow the repurchase of ordinary shares not exceeding 10% of the total issued shares. The Board considers that the current trading price of the shares does not reflect the intrinsic value and business prospects of the Company and expresses confidence in the Company's long-term strategy and development. The repurchase will be conducted in accordance with the Listing Rules of the Stock Exchange of Hong Kong Limited and will use the Company's existing available cash reserves and free cash...Show More