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Fenbi Limited ( (HK:2469) ) just unveiled an update.
Fenbi Limited has announced a voluntary share repurchase program, intending to buy back up to 223,368,003 shares, which represents 10% of its total issued shares, for a maximum of HK$200 million over the next six months. The company believes its shares are undervalued and sees this move as a demonstration of confidence in its business outlook, aiming to enhance shareholder value and improve returns.
The most recent analyst rating on (HK:2469) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Fenbi Limited stock, see the HK:2469 Stock Forecast page.
More about Fenbi Limited
Fenbi Limited is a company incorporated in the Cayman Islands, operating in an industry where it engages in activities related to share repurchase and financial management. The company is publicly listed on the Stock Exchange of Hong Kong, with a focus on maintaining healthy cash flows and stable financial positions to support its business development.
Average Trading Volume: 48,138,595
Technical Sentiment Signal: Hold
Current Market Cap: HK$6.14B
See more data about 2469 stock on TipRanks’ Stock Analysis page.