Summary by Moomoo AI
On January 6, 2025, IDREAMSKY repurchased 1,982,800 shares of common stock on the Hong Kong Stock Exchange, to be held as treasury stock. The repurchase price ranged between HKD 1.70 and HKD 1.78 per share, with a total payment amount of HKD 3,409,920.This repurchase accounted for 0.1175% of the company's issued shares (excluding treasury shares). After the repurchase, the number of issued shares (excluding treasury shares) decreased from 1,687,317,145 shares to 1,685,334,345 shares, while the number of treasury shares increased from 2,533,200 shares to 4,516,000 shares. The total number of shares issued by the company remained unchanged at 1,689,850,345 shares.According to the repurchase authorization passed on June 28, 2024, the company can repurchase up to 156,999,994 shares. As of this repurchase, the company has repurchased 4,516,000 shares under this authorization, which accounts for 0.2876% of the issued shares (excluding treasury shares) on the day the authorization was granted. The company is prohibited from issuing new shares or selling or transferring treasury shares within 30 days after this repurchase (until February 5, 2025).
