HK Stock Market Move | HJ SCIENCE-B (06132) Rises Over 10%, Plans to Repurchase H Shares for Up to HK$100 Million

HJ SCIENCE-B (06132) share price moved higher, rising 10.07% as of press time to HK$29.5, with turnover of HK$1.3093 million. On the news front, HJ Science-B announced this morning that the board has resolved to exercise the share repurchase mandate, intending to repurchase H shares in the open market from time to time during the authorization period, with an aggregate amount not exceeding HK$100 million. The company stated that its current financial position is sound, and its existing financial resources are sufficient to support business development and R&D investment while conducting the proposed share repurchase. It believes that the recent trading price of the H shares does not fully reflect the company's intrinsic value and long-term development prospects. The proposed share repurchase will be funded from internal resources and will not involve proceeds from the listing.