HK Stock Market Move | JIUYUAN GENE (02566) rose nearly 8% again, with the company planning to spend up to 100 million yuan to buy back shares.

JIUYUAN GENE (02566) rose nearly 8% today, as of the time of writing, up 5.71% to HK$8.88, with a turnover of HK$1.4479 million. In terms of news, JIUYUAN GENE announced that it plans to use up to RMB 100 million to repurchase up to 10.909678 million H shares in the open market with its own funds. The board of directors believes that the current trading price of the shares does not fully reflect the company's intrinsic value and business prospects. The share repurchase will demonstrate the company and management team's confidence in the company's business development prospects and growth potential, ultimately benefiting the company and creating value for shareholders.