Changes in Hong Kong stocks | Jiuyuan Gene (02566) rose nearly 8%, and the company plans to spend up to RMB 100 million to repurchase shares

The Zhitong Finance App learned that Jiuyuan Gene (02566) rose by nearly 8% today. As of press release, it had risen 5.71% to HK$8.88, with a turnover of HK$1,447,900.

According to the news, Jiuyuan Gene announced that it plans to use up to 100 million yuan to buy back up to 10,096.78 million H shares in the open market with its own capital. The board of directors believes that the current share transaction price does not fully reflect the company's intrinsic value and business prospects. Under the current circumstances, the share repurchase will show that the company and management team have full confidence in the company's business development prospects and growth potential, and will ultimately bring benefits to the company and create value for shareholders.