Gigadevice Semiconductor Plans A-Share Buyback Worth Up to $2.8 Billion

Stock News

07/31

Gigadevice Semiconductor Inc. (SHA: 603986) has announced a plan to repurchase its own A-shares, with a total investment ranging from 1 billion yuan to 2 billion yuan.

The company revealed that the buyback price will not exceed 750 yuan per share. All repurchased shares will be cancelled to reduce the company's registered capital, according to the official statement released by the firm.

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