Newborn Town Launches HK$200 Million Stock Buyback Plan; Shares Slide 15%

MT Newswires Live

2025/03/21

Newborn Town (HKG:9911) plans to spend HK$200 million within the next two years to repurchase shares, according to a Thursday filing with the Hong Kong bourse.

The move aims to support its share scheme to reward and retain key contributors. The mobile app developer believes the buyback plan reflects its confidence in the financial outlook.

The company's shares were down by 15% in Friday's afternoon trade.

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