Changes in Hong Kong stocks | Jiumaojiu (09922) opened more than 3% and plans to buy back up to 200 million yuan of company shares

The Zhitong Finance App learned that Jiumaojiu (09922) opened more than 3% higher. As of press release, it rose 3.56% to HK$2.62, with a turnover of HK$2.373,700.

According to the news, Jiumaojiu issued an announcement. On June 9, 2025, it was decided to exercise powers under the general mandate granted to the board of directors in accordance with the resolution passed by the company's shareholders at the annual general meeting of shareholders held on June 6, 2025 to repurchase the company's shares in the open market from time to time for a maximum total amount of HK$200 million, but depending on market conditions. The company will fund the proposed share repurchase with its existing available cash reserves. The company may cancel any repurchased shares and/or hold them as treasury shares according to market conditions and the company's capital management requirements at the time of repurchase.