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Guoquan Food (Shanghai) Company., Ltd. Class H ( (HK:2517) ) just unveiled an update.
Guoquan Food (Shanghai) Co., Ltd. has announced a voluntary plan to repurchase H Shares worth up to HK$100 million on the open market. This decision is part of a broader strategy to leverage the Share Repurchase Mandate granted at the 2024 annual general meeting, reflecting the company’s confidence in its business prospects and aiming to enhance shareholder value. The board believes the current share price undervalues the company’s intrinsic worth and growth potential. The repurchase plan will be conducted in compliance with relevant laws and regulations, with the board retaining discretion over the timing and extent of the repurchases.
The most recent analyst rating on (HK:2517) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on Guoquan Food (Shanghai) Company., Ltd. Class H stock, see the HK:2517 Stock Forecast page.
More about Guoquan Food (Shanghai) Company., Ltd. Class H
Guoquan Food (Shanghai) Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating within the food industry. The company is focused on the production and distribution of food products, with a market presence in the Hong Kong Stock Exchange under the stock code 2517.
Average Trading Volume: 36,333,472
Technical Sentiment Signal: Buy
Current Market Cap: HK$8.39B
For a thorough assessment of 2517 stock, go to TipRanks’ Stock Analysis page.