Summary by Moomoo AI
On July 4, 2024, Skyworth Group submitted a new next-day disclosure report to the Hong Kong Stock Exchange, disclosing details of its share repurchase activities. According to the report, Skyworth Group repurchased a total of 40,218,000 ordinary shares through the Stock Exchange of Hong Kong between June 24 and July 4, 2024, accounting for approximately 1.72% of its issued shares. The repurchased shares are planned to be cancelled, and the repurchase price range is between HKD 3.0521 and HKD 3.1139. This share repurchase was conducted based on the repurchase authorization obtained by the company on May 24, 2024, which allows the company to repurchase up to 236,142,342 shares. As of the repurchase activity on July 4, 2024, the company has repurchased 68,270,000 shares, accounting for 2.89% of the authorized repurchase total. After the repurchase, the company will enter a moratorium period until August 3, 2024, during which no new shares may be issued or inventory shares may be resold or transferred.
