Core Viewpoint - China Shengmu (01432) saw a significant stock price increase of nearly 10% following announcements from Modern Dairy and China Shengmu regarding shareholding changes and potential cash offers [1] Group 1: Stock Performance - China Shengmu's stock opened nearly 10% higher and was reported at 0.335 HKD, with a trading volume of 1.7723 million HKD [1] Group 2: Shareholding Changes - Modern Dairy announced an investment of 37.52 million HKD to increase its stake in China Shengmu by 1.28% [1] - Mengniu Dairy (02319) granted voting rights of its 24.9% stake in China Shengmu to Modern Dairy [1] Group 3: Potential Cash Offer - Modern Dairy proposed a conditional cash offer for China Shengmu at a price of 0.35 HKD per share, representing a 14.75% premium over the previous closing price of 0.305 HKD [1] - The total cost of the offer could reach approximately 2.02 billion HKD [1] Group 4: Strategic Implications - The merger is expected to leverage economies of scale to reduce procurement costs, with a combined herd size exceeding 610,000 heads [1] - The expanded scale will allow Modern Dairy to benefit from production advantages, securing better prices for bulk materials like feed, thereby enhancing competitiveness and reducing unit costs [1]

Core Insights - A total of 30 companies conducted share buybacks on October 30, 2025, with China Feihe (06186) leading in both the number of shares repurchased and the total amount spent [1][2] - The total buyback amount for China Feihe was 50.23 million yuan, with 12 million shares repurchased, representing a significant investment in its own stock [1][2] Summary by Company - **China Feihe (06186)**: Repurchased 12 million shares for 50.23 million yuan; cumulative buybacks for the year reached 30.95 million shares, accounting for 0.341% of total share capital [2] - **China Petroleum & Chemical Corporation (00386)**: Repurchased 4.78 million shares for 19.72 million yuan; cumulative buybacks for the year reached 102 million shares, accounting for 0.080% of total share capital [2] - **Stone Four Pharmaceutical Group (02005)**: Repurchased 5 million shares for 15.41 million yuan; cumulative buybacks for the year reached 44.20 million shares, accounting for 1.498% of total share capital [2] - **Lianlian Digital (02598)**: Repurchased 1.38 million shares for 11.31 million yuan; cumulative buybacks for the year reached 4.45 million shares, accounting for 1.065% of total share capital [2] - **Gushengtang (02273)**: Repurchased 290,100 shares for 8.33 million yuan; cumulative buybacks for the year reached 5.88 million shares, accounting for 2.482% of total share capital [2] - **Lianyi Technology-W (09959)**: Repurchased 2.3 million shares for 7.42 million yuan; cumulative buybacks for the year reached 80.04 million shares, accounting for 3.746% of total share capital [2] - **Mongolian Dairy (02319)**: Repurchased 400,000 shares for 5.70 million yuan; cumulative buybacks for the year reached 22.42 million shares, accounting for 0.573% of total share capital [2] - **Kangchen Pharmaceutical (01681)**: Repurchased 280,000 shares for 4.21 million yuan; cumulative buybacks for the year reached 7.84 million shares, accounting for 9.216% of total share capital [2] - **Other Companies**: Various other companies also participated in buybacks, with amounts ranging from 4.51 million yuan to 6 million yuan, and share counts varying significantly [2]

Core Points - Mengniu Dairy has been actively repurchasing its shares, with a total of 610,000 shares bought back over the last 10 days, amounting to HKD 87.56 million [2] - The stock price has seen a decline of 2.27% during the same period, closing at HKD 14.22 on October 30 [2] - Year-to-date, Mengniu Dairy has conducted 101 repurchase transactions, totaling 30.868 million shares and an expenditure of HKD 490 million [2] Repurchase Details - On October 30, the company repurchased 40,000 shares at a price range of HKD 14.210 to HKD 14.280, with a total repurchase amount of HKD 570,390 [2] - The highest repurchase price during the recent 10-day period was HKD 14.550 on October 21, while the lowest was HKD 14.070 on October 17 [2] - The cumulative repurchase amount for the year has reached HKD 490 million, indicating a strong commitment to supporting the stock price [2][3]

蒙牛乳业(02319)发布公告，于2025年10月30日，该公司斥资570.39万港元回购40万股股份，每股回购价 格为14.21-14.28港元。 ...

Group 1 - The company Mengniu Dairy (02319.HK) announced a share buyback plan, intending to repurchase 400,000 shares at a cost of HKD 5.7039 million [1] - The buyback price is set between HKD 14.21 and HKD 14.28 per share [1]

FF305 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02319 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | 庫存股份變動 | | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | | 已發行股份總數 | | 於下列日期開始時的結存(註1) | 2025年10月2 ...

Summary of Key Points Core Viewpoint - Multiple companies conducted share buybacks on October 28, 2025, with China Feihe (06186) leading in both the number of shares repurchased and the total amount spent. Group 1: Buyback Details - China Feihe (06186) repurchased 5.174 million shares for a total of 21.6293 million yuan, representing 0.209% of its total share capital [1][2] - Lianyi Rong Technology (09959) repurchased 1.4625 million shares for 4.7622 million yuan, accounting for 3.638% of its total share capital [2] - Zhongxu Future (09890) repurchased 301,400 shares for 4.4130 million yuan, which is 1.270% of its total share capital [2] Group 2: Other Notable Buybacks - Mengniu Dairy (02319) repurchased 300,000 shares for 4.2977 million yuan, representing 0.563% of its total share capital [2] - Jitu Express (01519) repurchased 385,000 shares for 3.8812 million yuan, which is 0.014% of its total share capital [2] - Kangning Jereh Pharmaceutical (09966) repurchased 320,000 shares for 3.7683 million yuan, accounting for 0.117% of its total share capital [2] Group 3: Additional Companies Involved - Other companies involved in the buyback include: - Guichuang Tongqiao-B (02190) with 50,000 shares repurchased for 1.2065 million yuan [2] - Green City Services (02869) with 208,000 shares repurchased for 969,700 yuan [2] - Tianfu (06868) with 2,000 shares repurchased for 60,400 yuan [3]

Core Viewpoint - Mengniu Dairy has been actively repurchasing its shares, indicating a strategy to support its stock price amid recent declines [2][3]. Share Buyback Activity - On October 28, Mengniu Dairy repurchased 300,000 shares at a price range of HKD 14.290 to HKD 14.350, totaling HKD 4.2977 million [2]. - Since October 16, the company has conducted buybacks for nine consecutive days, acquiring a total of 5.7 million shares for a cumulative amount of HKD 81.8588 million [2]. - During this period, the stock price has decreased by 1.37% [2]. Year-to-Date Buyback Summary - Year-to-date, Mengniu Dairy has executed 100 buyback transactions, acquiring a total of 30.468 million shares for a total expenditure of HKD 484 million [3].

Core Viewpoint - Mengniu Dairy (02319) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1: Share Buyback Details - The company plans to repurchase 300,000 shares at a total cost of HKD 4.29774 million [1] - The buyback price per share is set between HKD 14.29 and HKD 14.35 [1]

Core Viewpoint - Mengniu Dairy (02319) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1: Share Buyback Details - The company will repurchase 300,000 shares at a total cost of HKD 4.29774 million [1] - The buyback price per share ranges from HKD 14.29 to HKD 14.35 [1]