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Bear Electric ApplianceLtd (SZSE:002959) Could Be Struggling To Allocate Capital
Bear Electric Acquires Majority Stake in Local Personal Care Products Manufacturer
Bear Electric Appliance (002959.SZ): Bear's overseas business includes ODM/OEM manufacturing, independent brand export sales, and cross-border e-commerce.
Bear electric appliance (002959.SZ) stated on the investor interaction platform on July 12th that its overseas business includes ODM/OEM manufacturing, independent brand overseas distribution and cross-border e-commerce. Currently, some countries in the Southeast Asian market have a certain recognition of the bear brand, and the company will continue to increase brand building and promotion efforts in the future. Cross-border e-commerce will see significant growth in revenue by 2023, and the underlying capabilities have already been established. Future efforts will focus on improving operational efficiency.
Bear Electric Appliance (002959.SZ): Has spent a total of 9.181 million yuan to repurchase 193,400 shares.
Bear electric appliance (002959.SZ) announced on July 1st that as of June 28, 2024, the company has repurchased a total of 193,400 shares of the company through the buyback dedicated securities account through centralized bidding trading, accounting for 0.12% of the total share capital. The highest fill price was 49.05 yuan/share, and the lowest fill price was 45.00 yuan/share, with a total fill amount of 9.181 million yuan (excluding transaction fees).
Does Bear Electric ApplianceLtd (SZSE:002959) Have A Healthy Balance Sheet?
Bear Electric Appliance CFO Steps Down
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