Summary by Moomoo AI
On November 22, 2024, Innovation Technology announced the completion of the repurchase of 406,300 shares on the Hong Kong Stock Exchange, with a repurchase price ranging from HK$4.75 to HK$5.05 per share, with a total value of approximately HK$2.02 million. These repurchased shares will be proposed for cancellation and will not be held as treasury shares. The repurchase was conducted in accordance with the buyback authorization approved on May 10, 2024, which allows for the repurchase of a total of 56,505,073 shares. After the repurchase, Innovation Technology's total number of issued shares remains unchanged at 565,050,738 shares. The company will suspend new share issuance and treasury stock sale plans within the next 30 days.
