Summary by Moomoo AI
NEWBORNTOWN Limited repurchased 2,108,000 shares from the market through Three D Partners Limited between December 23 and 27, 2024, at an average price of about HKD 3.84 per share, totaling approximately HKD 8.09 million. This repurchase accounts for about 0.18% of the company's total issued shares.From April 28, 2023, to December 27, 2024, the company has cumulatively repurchased 63,060,000 shares. Three D Partners Limited currently holds 67,748,069 shares under the restricted share unit reward program. The Board of Directors stated that this move demonstrates the company's confidence in its business prospects and is expected to benefit the company and create value for the Shareholders.The Board believes that the company's existing financial resources are sufficient to support the share purchases while maintaining a strong financial position. The company will review and decide at its discretion whether to conduct further share purchases from time to time. This share purchase is conducted under the previously announced restricted share unit reward program, and the repurchased shares will be held by Three D Partners Limited until they vest according to the plan.
