Tian Ge Interactive (01980) Cancels 3.2 Million Repurchased Shares on July 16
Stock News
Jul 16
Tian Ge Interactive (01980) disclosed the cancellation of 3.2 million repurchased shares effective July 16, 2025. The Hong Kong-listed technology firm executed this capital adjustment through formal stock retirement procedures, reducing its outstanding share count. This strategic move follows the company's earlier share buyback initiatives aimed at optimizing capital structure. Market analysts often view such cancellations as confidence signals from management regarding intrinsic valuation. The transaction's completion aligns with standard corporate governance practices for listed entities in the region.
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