Yunzhisheng Plans HKD 100M Buyback, Directors Buy Over HKD 5.1M in Stock Since July 23

According to its announcement, Yunzhisheng (HK09678) unveiled a share buyback plan of up to HKD 100 million starting from July 23 for six months. The company will use its own funds for the buyback, which may be used for cancellation or held as treasury shares.

Executive director and CEO Wong Wai purchased 56,000 H shares worth HKD 3.98 million between July 6-16. Director Lau Sheng Ping acquired 15,140 H shares valued at HKD 1.13 million from July 7-16. The stock rose 3.8% to HKD 73.7 as of 10:16 a.m., hitting a peak of HKD 75.7.