HK Stock Market Move | GUOQUAN (02517) rose more than 8%, planning to buy back H shares with a maximum of 100 million Hong Kong dollars.

GUOQUAN (02517) rose by over 8%, and as of the time of publication, it rose by 8.33% to 1.95 Hong Kong dollars, with a turnover of 8.8064 million Hong Kong dollars. On the news front, GUOQUAN announced that the board of directors has made a resolution to continue repurchasing H shares in the open market with up to 100 million Hong Kong dollars in company funds from January 21, 2025 until the expiration of the repurchase authorization. The actual repurchase price per H share in each repurchase shall not exceed a premium of 5% or more above the average closing price of H shares in the five trading days before each repurchase. The repurchased H shares under the repurchase authorization may be cancelled or held as treasury shares.