TODAY'S MARKET INTELLIGENCE
GigaDevice: To buy back RMB 1-2 billion shares for cancellation to reduce registered capital
English summary
GigaDevice (03986.HK) announced a share buyback of no less than RMB 1 billion and no more than RMB 2 billion, at a price not exceeding RMB 750 per share. All repurchased shares will be cancelled to reduce registered capital, with the price capped at 150% of the average trading price in the 30 trading days before the board resolution.
The English text is machine translated and may require verification against the Chinese version.
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