HK Stock Market Move | HASHKEY HLDGS (03887) rises more than 10% and intends to use no more than 100 million Hong Kong dollars for share repurchase.

HASHKEY Holdings (03887) surged more than 10%, and as of the time of writing, it had increased by 9.78% to 3.03 Hong Kong dollars, with a trading volume of 2.444 million Hong Kong dollars. In terms of news, HASHKEY Holdings announced last night that the board of directors has resolved to use the company's own funds (excluding proceeds from global offerings) to repurchase shares in the market not exceeding 100 million Hong Kong dollars from the date of approval of the repurchase authorization until the end of the next annual general meeting of shareholders. The company believes that the share buyback can demonstrate confidence in the company's business outlook and prospects, and ultimately bring benefits to the company and create value for shareholders.