HK Stock Market Move | BAIRONG-W(06608) rose by over 4% in early trading. The company announced its intention to repurchase shares worth no more than 4.5 billion Hong Kong dollars.

BAIRONG-W (06608) rose more than 4% in early trading, up 2.49% to 9.45 Hong Kong dollars as of press time, with a trading volume of 1.851 million Hong Kong dollars. On the news front, Bairong Yun announced that it plans to repurchase shares worth up to 4.5 billion Hong Kong dollars. The company believes that the share repurchase will demonstrate its confidence in its business outlook and prospects, and will ultimately benefit the company and create value for shareholders. The board of directors believes that the company's existing financial resources are sufficient to support the share repurchase while maintaining a strong financial position.