The Zhitong Finance App learned that recently, Hong Kong stock fruit merchant giant PAGODA GP (02411) frequently carried out repurchase operations in the market. On October 28, Baiguoyuan once again spent HK$1.4703 million on the market to buy back 1 million shares. Notably, according to the announcement, Baiguoyuan has repurchased the company's shares eight times on the market since October, and has so far repurchased more than 7.85 million shares. As of the close of trading on October 28, Baiguoyuan's stock price was HK$1.49, an increase of 2.76%.

On January 11 of this year, Baiguoyuan announced a plan to repurchase H shares and plans to use up to RMB 0.634 billion to repurchase no more than 0.118 billion H shares, which is equivalent to 10% of the total number of H shares issued when the shareholders' meeting was held.

For investors, the repurchase of shares of listed companies is an important benefit. A series of repurchase actions show that Baiguoyuan's board of directors is confident about the company's future development prospects and recognizes the company's intrinsic value. Share buybacks can also improve earnings per share, thereby increasing shareholder returns. Furthermore, share buybacks also have very positive significance in maintaining the company's stock price.

As currently the largest fruit chain enterprise in China, Baiguoyuan has taken “tasty” as its business philosophy since its establishment, pioneered the “no return” service system in the industry, and also established the industry's first standard system for all types of fruit. Today, Baiguoyuan is leading a profound transformation of the industry with a new strategy of “high quality and high cost performance”.

Recently, Vietnam's Ministry of Agriculture and Rural Development announced the list of the first batch of fresh coconut companies to export fresh coconuts to China. Baiguoyuan will be the first to introduce Vietnamese fresh coconuts into the Chinese market. Earlier, Vietnam's Ministry of Agriculture and Rural Development and China's General Administration of Customs formally signed three protocols on Vietnam's agricultural exports to China. Among them, fresh coconuts are one of the three commodities approved for export to China through regular trade channels.

According to Baiguoyuan, about 60 tons of fresh Vietnamese coconuts purchased by Baiguoyuan this time are expected to be sold one after another at some stores in Baiguoyuan's Guangshen area starting October 18.

Furthermore, recently, Taiyuan Xinguoguojia was fully integrated into the Baiguoyuan chain retail network and was uniformly updated to a Baiguoyuan store before opening. According to Baiguoyuan's Taiyuan regional manager, Baiguoyuan is currently located in several cities in Shanxi, and plans to further cultivate the regional market and expand store coverage in the future. Baiguoyuan is committed to continuing to provide consumers with high-quality and cost-effective fruits and services. At the same time, it also actively assumes corresponding social responsibilities, hoping to contribute to agricultural development and consumers' healthy lives in Shanxi.

Industry sources analyzed that with the smooth integration of all Xinguoguojia stores in Taiyuan into the Baiguoyuan system, Baiguoyuan's retail chain network layout in Shanxi Province has been further improved.