🟢 CMBC Capital Holdings is trading 6.7% up today after announcing a 10% share buyback plan

CMBC Capital Holdings is trading 6.7% up at HK$1.28 after announcing a substantial share repurchase plan to stabilize investor sentiment.

• The board approved an equity buyback of up to 109,696,869 shares, representing 10% of the company's total issued capital.
• The initiative is helping the stock recover and stabilize following a steep collapse in share price last week.
• Shares previously rallied to HK$1.32 on July 28 as the market reacted to the initial announcement of the capital return program.