Brief: Shenzhen Pagoda Industrial Says H Share Repurchase Plan Proposed To Use Up To RMB634.3 Mln

Shenzhen Pagoda Industrial

11/01/2024 10:34

Jan 11 (Reuters) - Shenzhen Pagoda Industrial Group Corp
Ltd  2411.HK :
    * INTENDS TO EXERCISE ITS POWER UNDER H SHARE REPURCHASE
MANDATE
TO REPURCHASE H SHARES OF CO
    * CO IS ALLOWED TO REPURCHASE UP TO 10% OF AGGREGATE NUMBER
OF H
SHARES IN ISSUE AT TIME OF SHAREHOLDERS' MEETINGS
    * H SHARE REPURCHASE PLAN PROPOSED TO USE UP TO RMB634.3
MILLION
FOR REPURCHASE OF NO MORE THAN 118.3 MILLION H SHARES
    * ACTUAL PURCHASE PRICE FOR H SHARES SHALL NOT BE MORE THAN
HKD5.96 PER H SHARE

Source text for Eikon:  ID:n11036291-1 
Further company coverage:  2411.HK 

 ((Reuters.Briefs@thomsonreuters.com;))