China Eastern Airlines Corporation Limited Class H (HK:0670) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
China Eastern Airlines Corporation Limited has announced a share repurchase plan to buy back shares worth between RMB 500 million to RMB 1 billion using its own funds. The repurchase, aimed at reducing the company’s registered capital and boosting investor confidence, will be conducted through centralized price bidding over a 12-month period following approval at a general meeting. The plan reflects the company’s optimism about its future prospects and a commitment to enhancing shareholder value.
For further insights into HK:0670 stock, check out TipRanks’ Stock Analysis page.