Summary by Futu AI
Skyworth Group Limited submitted a new next-day disclosure report to the Hong Kong Stock Exchange on July 4, 2024, disclosing details of its share repurchase activities. According to the report, Skyworth Group repurchased a total of 40,218,000 common shares through the Hong Kong Stock Exchange from June 24 to July 4, 2024, accounting for approximately 1.72% of its issued shares. The repurchased shares will be cancelled, and the repurchase price range is between HKD 3.0521 and HKD 3.1139. The share repurchase was carried out based on the repurchase authorization obtained by the company on May 24, 2024, which allows the company to repurchase up to 236,142,342 shares. As of July 4, 2024, the company has repurchased 68,270,000 shares, accounting for 2.89% of the total authorized repurchase. After the repurchase, the company will enter a blackout period until August 3, 2024, during which no new shares may be issued or existing shares in the inventory may be resold or transferred.