Brief: Giordano International announces proposed share repurchase

Giordano International

20/06/2017 10:36

June 20 (Reuters) - Giordano International Ltd  0709.HK  
    * Group sales and gross profits are both registering an 
increase of 7% in q2 up to early june 
    * Group comparable store sales and comparable store gross 
profit in q1 increased by 0.5% and 2.2%, respectively 
    * Board has been granted a general mandate by shareholders 
to repurchase up to 157.2 million shares of company 
    * Board considers that current trading price of shares does 
not reflect their intrinsic value 
 
Source text for Eikon:  ID:nHKS8tylQj  
Further company coverage:  0709.HK  
 
 (bangalore.newsroom@thomsonreuters.com)