Stock Track | GIGADEVICE Soars 5.27% Intraday on Chairman's Confidence-Boosting Buyback and Share Purchase Plans

Stock Track

Jul 30

GIGADEVICE (03986) stock soared 5.27% during intraday trading on Thursday, as investors reacted positively to a series of confidence-boosting measures announced by Chairman Zhu Yiming. The rally came after a period of significant sell-off in the stock.

The surge was driven by the chairman's proposal for a company share buyback program worth between RMB 1 billion and RMB 2 billion, with the repurchased shares to be cancelled to reduce registered capital. In addition, Mr. Zhu voluntarily pledged not to sell any of his shares for a 12-month period starting July 29, 2026, and announced plans to personally purchase a minimum of RMB 1 billion worth of A-shares through on-market or block trades between December 2026 and July 2027.

These actions are intended to stabilize the company's value and boost investor confidence following a sharp decline in the stock price, which had previously fallen over 55% during the month. The commitments signal strong insider confidence in the company's future growth prospects and aim to enhance shareholder returns.

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The rally came after a period of significant sell-off in the stock.</p><p>The surge was driven by the chairman's proposal for a company share buyback program worth between RMB 1 billion and RMB 2 billion, with the repurchased shares to be cancelled to reduce registered capital. In addition, Mr. Zhu voluntarily pledged not to sell any of his shares for a 12-month period starting July 29, 2026, and announced plans to personally purchase a minimum of RMB 1 billion worth of A-shares through on-market or block trades between December 2026 and July 2027.</p><p>These actions are intended to stabilize the company's value and boost investor confidence following a sharp decline in the stock price, which had previously fallen over 55% during the month. The commitments signal strong insider confidence in the company's future growth prospects and aim to enhance shareholder returns.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03986","symbol_name":"兆易创新","start_time":0,"source_url":"","article_id":"1101006288","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1101006288","pubTimestamp":1785392733,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"GIGADEVICE (03986) stock soared 5.27% during intraday trading on Thursday, as investors reacted positively to a series of confidence-boosting measures announced by Chairman Zhu Yiming. 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