Changes in Hong Kong stocks | Jinchuan International (02362) rose more than 10% and was approved to buy back up to 1,313 billion shares, demonstrating confidence in development

The Zhitong Finance App learned that the stock price of Jinchuan International (02362) was higher. As of press release, it had risen 10.17% to HK$0.65, with a turnover of HK$13.205,700.

According to the news, Jinchuan International announced last night that it plans to exercise its power to repurchase shares on the open market at an appropriate time in accordance with the repurchase authorization. According to the repurchase authorization, the company was approved to repurchase up to 1,313 billion shares on the Stock Exchange of Hong Kong Limited, accounting for 10% of the total shares issued on the date of the annual shareholders' meeting.

The board of directors believes that the proposed share repurchase and subsequent cancellation of the purchased shares can increase the value of the shares and benefit the returns of the company's shareholders. Furthermore, the proposed share repurchase reflects the company's recognition of its own value and confidence in the long-term prospects of the industry.