Group 1 - The core point of the news is that Tianhong International Group has recently repurchased 59,500 shares at an average price of HKD 4.57 per share, totaling approximately HKD 271,900, indicating management's confidence in the company's undervalued stock and future prospects [1] - The total shares repurchased by Tianhong International Group this year amount to 736,500, which represents 0.08% of the total share capital [1] - The company's stock price decreased by 2.14% to HKD 4.57 per share at the close of the Hong Kong stock market on the day of the repurchase announcement [1] Group 2 - Tianhong International Group, established in 1997 and listed on the Hong Kong Stock Exchange in 2004, is a leading global cotton textile manufacturer with a full industry chain covering spinning, weaving, dyeing, and garment manufacturing [2] - The company has approximately 3 million spindles of production capacity and serves major international fast fashion brands such as Uniqlo and H&M [2] - In 2022, Tianhong International Group reported revenue of approximately HKD 23 billion, although net profit declined due to high cotton prices [2] - The company is expanding its production capacity in Vietnam to avoid trade barriers and is increasing investment in the research and development of recycled and eco-friendly materials in response to global sustainable fashion trends [2]
天虹国际集团回购5.95万股股票，共耗资约27.19万港元，本年累计回购73.65万股