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GCL TECH Mgmt Plans to Increase Stake by up to HKD100M
2026-06-11 09:07:44 GCL TECH (03800.HK) announced that Zhu Gongshan, the Chairman of the Board, and all other executive directors of the Company, namely Zhu Yufeng, Zhu Zhanjun, Sun Wei, Lan Tianshi and Yeung Man Chung, Charles, and approximately 30 core management members of the Company, based on their confidence in the future development prospects of the Group and their recognition of the long-term investment value of the Company, intend to acquire ordinary shares of the Company on the open market with their own funds during the period from 11 June 2026 to 30 June 2026. The Relevant Directors and the Relevant Management Members intend to acquire the Shares at an aggregate consideration of not more than HK$100 million. Each acquisition of the Shares will be conducted at the market price of the Shares at that time. The Company will not participate in or provide any financial assistance for the Shareholding Increasing Plan. The Relevant Directors and the Relevant Management Members have undertaken to the Board that each of them will strictly comply with the Model Code for Securities Transactions by Directors of Listed Issuers and the applicable requirements; and the Shareholding Increasing Plan will not result in the Company being unable to comply with the public float requirements under the Listing Rules. The Shareholding Increasing Plan may not be implemented or may not be fully implemented due to changes in market conditions, fluctuations in share price, regulatory requirements or other factors. ~ AASTOCKS Financial News Website: www.aastocks.com | |