Zhixing Auto Technology (01274) rose more than 4%. As of press release, it rose 4.37% to HK$23.9, with a turnover of HK$2.882 million.
The Zhitong Finance App learned that Zhixing Auto Technology (01274) rose by more than 4%. As of press release, it had risen 4.37% to HK$23.9, with a turnover of HK$2.882 million.
According to the news, Zhixing Auto Technology announced yesterday that the board of directors resolved to exercise share repurchase authorization and plans to use up to RMB 0.1 billion to buy back the company's H shares on the open market from time to time, depending on market conditions. The board of directors believes that the repurchase of shares under current market conditions will demonstrate the company's confidence in its own business development and prospects, and ultimately benefit the company and create value for shareholders.
Furthermore, the Hang Seng Composite Index will welcome the results of a new round of review on August 16. The adjustments will officially take effect on September 9, and the Hong Kong Stock Connect will also adjust accordingly. According to CITIC Securities's forecast, 20 individual stocks are expected to be included in the Hong Kong Stock Connect at that time, including Zhixing Auto Technology.