Summary by Futu AI
CENTRUM VEHICLES (GROUP) CO., LTD. (“CENTRUM VEHICLES”) ISSUED A NOTICE ON 26 FEBRUARY 2024 PROVIDING AN UPDATE ON THE PROGRESS OF ITS POTENTIAL H SHARE REPURCHASE. The company has obtained the relevant approval from the National Foreign Exchange Authority on the day of the announcement and is in the process of preparing the repurchase terms. The repurchase plan previously proposed by CCI includes the repurchase of all issued H shares (except for certain shareholders) and the withdrawal of the H shares on the Hong Kong Stock Exchange upon completion of the repurchase. The Company stresses that the repurchase plan may not be able to be implemented or completed as the terms and conditions of the potential H share repurchase are still under...Show More