Gree Electric Appliance cancels 70% of the shares repurchased in the third phase more than expected. Analyst: it is doubtful whether it can boost market confidence.

Telah Terbit: Sep 29, 2021 09:49
On the evening of September 28th, 000651.SZ announced that it planned to write off 70 per cent of the shares it had bought in the third phase of the repurchase. Several analysts said that the higher-than-expected write-off helped boost market confidence and was good news. But at the same time, some analysts warned against over-optimism. According to public information, Gree Electric Appliance buybacks a total of 525387618 shares in the third phase of the repurchase plan, with a total transaction amount of about 27 billion yuan (excluding transaction fees), of which the third repurchase amount is about 15 billion yuan.

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On the evening of September 28th, 000651.SZ announced that it planned - Shanghai Metals Market (SMM)