YIDU TECH (02158) has bought back its shares 10 times in the past month, spending nearly 22.5 million Hong Kong dollars.

According to the latest announcement of YIDU TECH (02158), the company repurchased approximately 12,000 Hong Kong dollars worth of shares on October 24, repurchasing 21,200 shares in a single day. Public information shows that YIDU TECH has repurchased for six consecutive trading days. From September 26 to present, the company has completed 10 repurchases, repurchasing over 3.88 million ordinary shares, totaling nearly 22.5 million Hong Kong dollars. In terms of news, YIDU TECH announced on the 23rd that its subsidiary had entered into a total return swap transaction with a counterpart with a nominal stock capital of approximately 54.4 million Hong Kong dollars for a period of about 3 years, with Goldman Sachs as the counterparty. The announcement stated that the purpose of this total return swap transaction is to hedge against the risk of future share price appreciation by YIDU TECH. The board believes that through this transaction, it can effectively reduce the cost and cash flow risks associated with purchasing shares, particularly in the face of the potential risk of price increases in the share bonus plan after the initial public offering. Analysts believe that YIDU TECH's decision to enter into the total return swap transaction reflects the optimistic attitude of the management towards the future share price appreciation potential of the company. By acquiring stocks at low points, the company can hedge against the risk of cost increases due to share price appreciation, demonstrating the company's proactive risk management strategy. As of the close on October 24, YIDU TECH's share price was 5.74 Hong Kong dollars, up 2.87%.