HK Stock Market Move | ZHOU LIU FU (06168) rose nearly 6% during trading hours, planning to seek authorization from the board of directors to repurchase up to 10% of the H shares already issued.

ZHOU LIU FU (06168) rose nearly 6% during trading, and as of the time of writing, it has risen by 3.6% to 39.16 Hong Kong dollars, with a trading volume of 130 million Hong Kong dollars. On the news front, on December 9th, ZHOU LIU FU announced that it intends to seek authorization from the shareholders' meeting to authorize the board of directors to repurchase up to 10% of the total number of H shares already issued, in order to safeguard the interests of shareholders. According to the H share repurchase authorization, the repurchase of shares will take place during the relevant period, with the specific quantity based on the number of H shares already issued on the day approved by the shareholder meeting. The announcement stated that the board of directors will be authorized to formulate and implement specific repurchase plans, including notifying creditors, fulfilling announcement obligations, and dealing with creditors' exercise of rights. After the repurchase is completed, the repurchased H shares will be cancelled, and the company's registered capital will be correspondingly reduced.