China's Tongguan Gold climbs on share repurchase plan
17/06/2026 06:59
BUZZ-China's Tongguan Gold climbs on share repurchase plan ** Shares of Tongguan Gold Group 0340.HK climb 5.1% to HK$2.08
** Chinese gold miner says it proposes to use up to HK$300 mln ($38.30 mln) to repurchase shares in the open market to safeguard the intrinsic corporate value of the company
** The share repurchase, which is to be funded by the company's own resources, is to reinforce management's confidence in the Tongguan's future and underscoring its positive business outlook - co
** YTD, stock down 28.2%, benchmark Hang Seng Index .HSI down 5.1%
($1 = 7.8334 Hong Kong dollars)
(Reporting by Donny Kwok)
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