Movement Alert|AAC Technologies Rises 3.29% in Regular Trading, Consecutive Share Buybacks Provide Support

Market Focus
06/12

On June 12, AAC Technologies rose 3.29% in regular trading, trading at 44.2 HKD/share, with turnover of 38.43 million HKD. The rebound follows two consecutive sessions of decline totaling over 6%, with sustained share repurchase activity providing support.

On the news front, the company disclosed buybacks on both June 10 and June 11. On June 10, the company repurchased 300,000 shares at prices between 43.20 and 44.46 HKD per share, spending approximately 13.20 million HKD. On June 11, the company repurchased 307,500 shares at prices between 41.86 and 42.70 HKD per share, spending approximately 13.02 million HKD. Year-to-date cumulative buyback spending has reached approximately 246 million HKD, conducted under the share repurchase mandate approved on May 21.

Within the Electronic Manufacturing Services sector, stocks broadly rose, with BYD Electronic up 1.55%, Karrie International up 3.34%, FIH down 0.67%, Yan Tat Group up 7.25%, and Contel up 3.24%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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