favbingo| Bairong Yun-W (06608): On May 7, it spent HK$991,400 to repurchase 96,500 shares at a unit price of HK$10.22 -10.38

Newsletter summary

Bailongyun-W (06608) invested 99.Favbingo.14 million Hong Kong dollarsFavbingoOn May 7, buyback 9.Favbingo.65 million shares with repurchase prices ranging from HK $10.22 to HK $10.38.

Text of news flash

[Bailongyun-W (06608) repurchased 96500 shares with HK $991400 on May 7] Bailongyun-W (06608) carried out share buyback in the secondary market, further strengtheningFavbingoThe stock value and market confidence of the company. The repurchase price ranges from HK $10.22 to HK $10.38 per share, indicating the company's confidence in its intrinsic value and long-term development prospects.

The number of shares involved in the buyback is 96500 shares, a small portion of the company's outstanding shares. Through the repurchase operation, the company can reduce the number of shares outstanding, thereby increasing earnings per share and increasing shareholders' equity.

The buyback move of Bailongyun-W reflects the company's dissatisfaction with the current market valuation and confidence in future development. The move helps boost investor sentiment and boost market confidence in the company.

It should be noted that share repurchase is a way of capital operation of a company, but it can not directly enhance the value of the company in all cases. Investors should also pay attention to many factors such as the company's fundamentals, financial situation and market environment in order to make more comprehensive investment decisions.

For investors in the secondary market, the buyback behavior of Bailongyun-W may become the focus of the market and deserves close attention to its follow-up developments.