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Black Sesame International Announces Strategic Share Repurchase Plan

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Black Sesame International Announces Strategic Share Repurchase Plan

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Black Sesame International Holding Limited ( (HK:2533) ) just unveiled an announcement.

Black Sesame International Holding Limited announced its intention to conduct an on-market share repurchase of up to 63,178,901 ordinary shares, representing 10% of its issued shares, under a general mandate approved by shareholders. The repurchase, capped at RMB100 million, aims to demonstrate confidence in the company’s growth prospects and enhance shareholder value, while adhering to regulatory requirements and maintaining the minimum public float.

More about Black Sesame International Holding Limited

Black Sesame International Holding Limited is a company incorporated in the Cayman Islands, operating with its subsidiaries in the industry of holding and investment. The company is listed on the Hong Kong Stock Exchange and focuses on leveraging its resources for strategic business growth.

Average Trading Volume: 9,348,515

Technical Sentiment Signal: Strong Sell

For detailed information about 2533 stock, go to TipRanks’ Stock Analysis page.

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