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Lianlian DigiTech Co., Ltd. Class H ( (HK:2598) ) has shared an update.
Lianlian DigiTech Co., Ltd. has announced its intention to repurchase its H Shares on the open market under a general mandate granted by its shareholders. The board believes that the current share price does not reflect the company’s intrinsic value and sees the repurchase as beneficial for shareholders, indicating confidence in the company’s long-term growth prospects. The repurchase plan will be funded by internal resources and is subject to market conditions and regulatory compliance.
The most recent analyst rating on (HK:2598) stock is a Hold with a HK$10.50 price target. To see the full list of analyst forecasts on Lianlian DigiTech Co., Ltd. Class H stock, see the HK:2598 Stock Forecast page.
More about Lianlian DigiTech Co., Ltd. Class H
Lianlian DigiTech Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating within the financial technology industry. The company focuses on digital financial services and solutions, with its shares listed on the Main Board of The Stock Exchange of Hong Kong Limited.
Average Trading Volume: 12,464,776
Technical Sentiment Signal: Sell
Current Market Cap: HK$10.88B
See more insights into 2598 stock on TipRanks’ Stock Analysis page.