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ZOOMLION (01157.HK) Ticks up 11%+ After Midday w/ Plan to Repurchase Up to 10% of Issued H Shrs
ZOOMLION (01157.HK) opened 1.1% higher today (18th), once rising over 14% to peak at $5.2. It last printed at $5.07, up nearly 11.2%, with a turnover of $209 million.ZOOMLION annou...
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ZOOMLION (01157.HK) Ticks up 11%+ After Midday w/ Plan to Repurchase Up to 10% of Issued H Shrs
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ZOOMLION (01157.HK)  -0.080 (-1.553%)    Short selling $6.27M; Ratio 17.872%   opened 1.1% higher today (18th), once rising over 14% to peak at $5.2. It last printed at $5.07, up nearly 11.2%, with a turnover of $209 million.

ZOOMLION announced yesterday that the board has reviewed and approved the Proposed General Mandate to Repurchase Part of the H Shares, planning to repurchase a portion of the company’s H shares, which would all be cancelled thereafter, at an appropriate time for the purpose of improving the return on investment for shareholders through enhancing the company's EPS.

The proposal suggests authorizing the board to repurchase no more than 10% of the total issued H shares within the effective period, but this proposal needs to be submitted to the shareholders' meeting for review.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-15 12:25.)

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