Summary by Moomoo AI
Kingsoft submitted a new disclosure report on June 27, 2024, disclosing its share changes. According to the report, Kingsoft conducted a share repurchase activity through the rules of the Hong Kong Stock Exchange between June 17 and June 27, 2024. During this period, the company repurchased a total of 1,802,400 ordinary shares, accounting for 0.13% of the issued shares. The repurchased shares will be proposed for cancellation. The average price range of repurchased shares is between HKD 22.6387 and HKD 25.0183. In addition, the company confirmed that all share repurchases have obtained formal approval from the board of directors and complied with all applicable listing rules, laws and other regulatory requirements. After the repurchase activity, Kingsoft will enter a one-month suspension period until July 27, 2024, during which no new shares will be issued or inventory shares will be resold or transferred.
