Summary by Moomoo AI
FU CHI HONG GROUP LIMITED FILED A NEW NEXT DAY DISCLOSURE REPORT ON APRIL 2, 2024, DISCLOSING DETAILS OF THE COMPANY'S SHARE REPURCHASE. According to the report, Fu-Chi Hong Group conducted several share repurchases between March 8 and April 2, 2024, but did not write them off. The most recent repurchase took place on April 2, 2024, when the company repurchased 800,000 shares of ordinary shares at a price of between HKD 0.5 and HKD 0.51 for a total cost of approximately HKD 403,610. Since the adoption of the Ordinary Resolution that year, the company has repurchased a total of 32,500,000 shares on the Hong Kong Stock Exchange, representing 0.4105% of the issued shares. This series of share buybacks shows a company's confidence in its stock and can have an impact on the share price.
