GigaDevice said in an announcement that it recently received a proposal from chairman Zhu Yiming to increase the size of its share buyback plan. The proposed range would be lifted from no less than RMB 1 billion and no more than RMB 2 billion to no less than RMB 2.5 billion and no more than RMB 5 billion. Market data cited in the brief showed GigaDevice shares were last quoted at RMB 38.80. The update was carried by Odaily as a short market news item.
Odaily reported that GigaDevice said in an announcement it recently received a proposal from chairman Zhu Yiming to raise the amount allocated for its share buyback.
Under the proposal, the buyback range would increase from no less than RMB 1 billion and no more than RMB 2 billion to no less than RMB 2.5 billion and no more than RMB 5 billion.
According to market data, GigaDevice shares were last quoted at RMB 38.80.
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