Morimatsu International touches 4-week high on share buyback plan
11/08/2026 04:44
BUZZ-Morimatsu International touches 4-week high on share buyback plan ** Shares of Morimatsu International Holdings 2155.HK surge 8.3% in the third straight rising session to HK$8.555, their highest level since July 15
** The pressure equipment manufacturer and integrated pressure equipment solution provider says it plans to repurchase shares in the open market for up to HK$50 million ($6.37 million), in a deal to be funded by internal cash resources
** Says the proposed share repurchase reflects the company’s confidence in its business development prospects
** YTD, stock down 9.2%, while the benchmark Hang Seng Index .HSI up 0.6%
($1 = 7.8455 Hong Kong dollars)
(Reporting by Donny Kwok)
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