HK Stock Market Move | ASCLETIS-B(01672) rose by nearly 3%, planning to use up to HKD 300 million for share repurchase.

ASCLETIS-B (01672) rose by nearly 3%, as of the press release, it rose by 1.63%, with a price of 10.57 Hong Kong dollars, with a turnover of 246.41 million Hong Kong dollars. In terms of news, ASCLETIS-B announced that it intends to exercise its power to repurchase shares in the open market at an appropriate time according to the general authorization granted by the company's shareholders at the company's annual general meeting held on June 29, 2026. According to the repurchase authorization, the company is allowed to repurchase up to 106 million shares, equivalent to 10% of the total number of shares issued as of the annual general meeting date (excluding treasury shares). On June 29, 2026, the board of directors has decided to exercise the repurchase authorization and repurchase shares in the open market as market conditions permit, using up to 300 million Hong Kong dollars (funded from the company's internal financial resources) for the proposed share repurchase.