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Coolpad Group ( (HK:2369) ) has issued an announcement.
Coolpad Group Limited has announced its intention to conduct further on-market share repurchases and potentially refresh its general mandate to repurchase shares. This move is aimed at promoting sustainable operations, safeguarding long-term investor interests, and maximizing shareholder value. The company plans to convene an extraordinary general meeting to seek shareholder approval for the refreshment and variation of the existing repurchase mandate. The Board and management express confidence in the company’s long-term business prospects and believe the share repurchase plan is in the best interest of the company and its shareholders.
The most recent analyst rating on (HK:2369) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Coolpad Group stock, see the HK:2369 Stock Forecast page.
More about Coolpad Group
Coolpad Group Limited is a company incorporated in the Cayman Islands, primarily involved in the technology industry. The company focuses on the development and sale of mobile devices and related services, aiming to enhance its market presence and shareholder value.
YTD Price Performance: -46.64%
Average Trading Volume: 2,236,742
Technical Sentiment Signal: Sell
Current Market Cap: HK$490.7M
See more data about 2369 stock on TipRanks’ Stock Analysis page.