HK Stock Market Move | Shenzhen Hans CNC Technology (03200) rises over 3%; recently plans to spend RMB200 million-RMB300 million to repurchase A-shares

Shenzhen Hans CNC Technology (03200) rose over 3%, up 3.09% as of press time at HK$51.8, with turnover of HK$18.1429 million. On the news front, Shenzhen Hans CNC Technology issued an announcement that, based on its judgment of the companys value and confidence in its future sustainable development, in order to enhance investors confidence in the company, and after comprehensively considering the companys business development prospects, operating conditions, and financial position, in accordance with relevant laws and regulations, it agreed that the company plans to use no less than RMB200 million (inclusive) and no more than RMB300 million (inclusive) of its own funds and/or self-raised funds to repurchase part of its already issued RMB ordinary shares (A shares) through centralized bidding transactions.