Changes in Hong Kong stocks | Tuopu CNC (07688) rose more than 19% and plans to spend up to HK$300 million to buy back H shares

The Zhitong Finance App learned that Tuopu CNC (07688) rose by more than 19%. As of press release, it had risen 19.47% to HK$14.79, with a turnover of HK$18.556 million.

According to the news, Tuopu CNC announced last night that the company plans to exercise H share repurchase authorization under appropriate market conditions and buy back the H shares already issued by the company on the open market, with a total repurchase price of no more than HK$300 million. In the first half of this year, Tuopu CNC obtained new contracts worth about 470 million yuan, which is significantly higher than 218 million yuan in the same period last year. The significant increase in the value of newly signed contracts is mainly due to the contribution of about RMB 403.5 billion from space-related projects during the period, which is significantly higher than RMB 188 million in the same period last year.