China's Anta Sports announces up to $1.3 billion share buyback By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 27 2024
0mins
Should l Buy ?
Source: Investing.com
Share Buyback Announcement: Anta Sports plans to spend up to HK$10 billion ($1.28 billion) to repurchase up to 10% of its shares over the next 18 months to protect shareholder interests.
Stock Performance: Following the announcement, Anta's shares increased by as much as 1.2%, closing 0.3% higher at HK$72.3.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
