HK Stock Market Move | Muyuan Foods Group (02714) rose more than 5% and plans to spend 300 million to 500 million Hong Kong dollars to repurchase H-shares.

Muyuan Foods Group (02714) rose by more than 5% at one point, but at the time of publication, it was up by 3.08%, trading at 28.82 Hong Kong dollars, with a turnover of 295.33 million Hong Kong dollars. On the news front, Muyuan Foods Group announced last night that some directors and senior management plan to increase their holdings in the company through centralized bidding and block trading within six months starting from June 26, 2026, with a total investment of no less than 4 billion yuan and no more than 5 billion yuan. Those participating in the plan include Chairman Cao Zhinian, President and Chief Financial Officer Gao Xiang, Director Qin Muyuan, Director and Vice President Yang Ruihua, Director Su Danglin, and 12 other executives and core management personnel, with no price range set for the plan. At the same time, the board of directors approved an H-share repurchase plan, with the intention of repurchasing H-shares with a total amount of no less than 3 billion Hong Kong dollars and not exceeding 5 billion Hong Kong dollars, using either self-owned funds or self-raised funds. According to the H-share repurchase plan, the repurchased H-share shares will be held as treasury stock. Muyuan Foods Group stated that this repurchase takes into account the company's business development prospects, operating conditions, financial status, future profitability, and recent performance of the H-share market, aiming to further protect the interests of shareholders and enhance investor confidence.