Summary by Moomoo AI
On 28 November 2024, Bai Rongyun Corporation completed the repurchase of 319,500 shares on the Hong Kong Stock Exchange for a total price of HK$2,973,695. The price per share of this buyback is between HK$9.23 and HK$9.4. Pursuant to the repurchase authorization, Bai Rongzook may repurchase up to 49,102,996 shares, and 18,978,000 shares have been repurchased, representing 3.865% of the total number of warrants.The repurchase has been approved by the Board of Directors and is in accordance with the relevant provisions of the HKEx. The repurchased shares will be subject to write-off and no stock shares will be retained. The Company verifies that all procedures comply with listing rules and legal requirements and has completed all necessary documentation archives.Looking ahead, Bai Rongzok will suspend the issuance of new shares and the sale of stock shares until 28 December 2024 to ensure compliance and transparency of the repurchase activities.
