At the close of the market, Vobile Group (03738) rose more than 7%, up 6.72% at HKD1.27, with a turnover of HKD12.2868 million.
According to the app of WiseNews, Vobile Group (03738) rose more than 7% in the last trading session, up 6.72% at HKD1.27, with a turnover of HKD12.2868 million.
On June 28th, Vobile Group held its annual shareholder meeting. It is reported that the resolutions passed at this meeting included the re-election of directors, authorization of share repurchases, and revision of the company's articles of association. Among them, the share repurchase resolution granted the Board of Directors the power to repurchase shares at an appropriate time as needed, and the total number of repurchases shall not exceed 10% of the total issued shares on the day the resolution was passed. By planning to repurchase shares in the current market conditions, Vobile will release clear bullish signals, boost investor confidence, and protect shareholder interests.
In addition, Vobile Group has previously completed the issuance of HKD 160 million convertible bonds. The company stated that it intends to use the net proceeds from the issuance of convertible bonds to develop and invest in AI-generated content (AIGC) related businesses and to repay interest-bearing loans.