HK Stock Market Move | ZHOU LIU FU (06168) rose more than 4% in midday trading. The company previously announced plans to authorize a buyback of up to 10% of its issued H shares.

ZHOU LIU FU's stock rose more than 4% during trading, and at the time of reporting, it had risen by 3.77% to 26.4 Hong Kong dollars, with a trading volume of 93.7657 million Hong Kong dollars. In terms of news, ZHOU LIU FU previously announced that they intend to seek authorization from shareholders' meetings to authorize the board of directors to repurchase up to 10% of the total number of issued H shares to safeguard the interests of shareholders. According to the authorization for H share repurchase, the repurchase of shares will be carried out during the relevant period, with the specific quantity based on the number of H shares issued on the day of approval by the shareholders' meeting. It is worth noting that in November, ZHOU LIU FU announced that they will launch a new joint venture model with franchisees to jointly invest in and operate Three Good stores (excellent location, quality products, and outstanding operations). This model is expected to diversify investment risks, inspire enthusiasm for opening stores, and is expected to increase the number of stores and increase CKH HOLDINGS's single-store revenue, thereby positively impacting the group's performance.