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Global Bio-chem Launches Strategic Share Buyback
global bio-chem (00809.HK) has initiated a share buyback program in accordance with the repurchase authorization.
Gelonghui November 12th | Global Bio-Chem Technology (00809.HK) announced that the company has begun to exercise the power under the general authorization granted by the shareholders of the company at the special general meeting of shareholders held on October 25, 2024, to repurchase up to 10% of the total number of shares issued on the day of the special general meeting of shareholders. In view of the current market conditions, the board of directors has resolved to occasionally use the share repurchase authorization to repurchase shares on the open market, not exceeding 890,740,571 shares, which is 10% of the total number of shares issued on the date of the special general meeting of shareholders. As of the date of this announcement.
Sinolink: Potash fertilizer supply is expected to be jointly controlled, and resource prices are expected to provide support.
Only 11 companies have a potassium chloride production capacity exceeding 2 million tons, mainly concentrated in Canada nutrien, Belarus Belaruskali, Russia Uralkali, and the usa Mosaic, with a combined production capacity accounting for 67.26% of the industry, high industry concentration.
global bio-chem [00809] is now trading at 0.074 Hong Kong dollars, with a rise of 12.12%.
As of 13:08, global bio-chem [00809] reported HK$0.074, compared to the previous closing price of HK$0.066, up HK$0.008 or 12.12%, with a turnover of 1.6184 million Hong Kong dollars. The highest price today is HK$0.074, the lowest is HK$0.064, calculated based on the closing price from yesterday, the 10-day average price is HK$0.07, the 50-day average price is HK$0.07, and the current pe ratio is 0.14 times, with a 14-day relative strength index of 52.17.
Global Bio-chem Calls for Key Shareholder Meeting
Global Bio-chem Aligns Governance With New Regulations
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