Brief: Zhong Ao Home considers shares of co have been trading at a level which undervalues the company's fundamentals
16/02/2016 12:13
Feb 16 (Reuters) - Zhong Ao Home Group Ltd 1538.HK : * Considers that the shares of the company have been trading at a level which significantly undervalues the company's fundamentals * Resolved to exercise its discretionary power under the share buy-back mandate * Believes that proposed share buy-back would increase the earnings per share for the benefits of the shareholders of the company * Resolved to conduct on-market repurchase of shares on stock exchange of Hong Kong during period when share buy-back mandate is valid and subsisting * Source text for Eikon [ID:nHKS2kp108 ] * ((For more news, please click here 1538.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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