Yidu Tech to Repurchase Up to 106 Million Shares

MT Newswires Live

2024/10/09

Yidu Tech (HKG:2158) plans to repurchase up to 106,166,266 ordinary shares on the market from time to time under the repurchase mandate granted to it on Aug. 30.

A Wednesday filing with the Hong Kong Exchange said the maximum number of shares to be repurchased represents about 10% of the company's total shares.

The healthcare technology products and services provider will use its internal cash resources for the repurchase.

The company's shares were down nearly 2% in recent trade.

Price (HKD): $3.87, Change: $-0.060, Percent Change: -1.53%

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