MicroPort NeuroTech Limited (HK:2172) 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
MicroPort NeuroScientific Corporation has announced a voluntary share buy-back plan to purchase up to 10% of its issued shares using up to RMB200 million from its cash reserves and free cash flow. The Board believes the company’s shares are undervalued and sees the buy-back as a reflection of their confidence in the company’s future prospects. The buy-back, which will last no more than 12 months, is subject to market conditions and will be conducted at the Board’s discretion, in compliance with relevant rules and regulations.
For further insights into HK:2172 stock, check out TipRanks’ Stock Analysis page.