{"id":1072,"date":"2021-10-01T23:26:00","date_gmt":"2021-10-01T23:26:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3526114_AE26114_0"},"modified":"2021-10-01T23:26:00","modified_gmt":"2021-10-01T23:26:00","slug":"joy-spreader-group-to-invest-additional-hk2-898-million-to-repurchase-1-178-million-of-its-own-shares","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=1072","title":{"rendered":"Joy Spreader Group to Invest Additional HK$2.898 Million to Repurchase 1.178 Million of its Own Shares"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/en.prnasia.com\/prnasia.com-PC\/images\/logo-en-blue-in.png\" class=\"ff-og-image-inserted\"><\/div>\n<div id=\"dvContent\" readability=\"53.758389261745\">\n<p><span class=\"xn-location\">BEIJING<\/span>, <span class=\"xn-chron\">Oct. 2, 2021<\/span> \/PRNewswire\/ &#8212;&nbsp;Joy Spreader (HKG: 6988, &#8220;the Group&#8221;) announced an additional investment of <span class=\"xn-money\">HK$2.898 million<\/span> (approx.<span class=\"xn-money\">US$376,700<\/span>) to buy back 1.178 million of its shares at a price of <span class=\"xn-money\">HK$2.46<\/span> per share (approx.<span class=\"xn-money\">US$0.32<\/span>) on <span class=\"xn-chron\">September 30<\/span>. <\/p>\n<p>Combined with the shares repurchased on the prior day, the company bought back 2.167 million shares in the aggregate for a combined consideration of <span class=\"xn-money\">HK$5.035 million<\/span> (approx.<span class=\"xn-money\">US$654,500<\/span>).<\/p>\n<p>Analysts said that the ongoing share repurchase fully demonstrates the Group&#8217;s confidence in its long-term growth while serving as a significant step in protecting the interests of its shareholders and in improving the return on investment.<\/p>\n<p>As a result of the announcement concerning the share repurchase, the firm&#8217;s stock price closed up over 12.84 per cent on <span class=\"xn-chron\">September 30<\/span>. <\/p>\n<p>For more information about Joy Spreader Group Inc., please visit <a target=\"_blank\" href=\"http:\/\/www.joyspreader.com\/en\/index\" rel=\"nofollow noopener\">here<\/a>. <\/p>\n<\/p><\/div>\n<p>Source: Joy Spreader Group Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING, Oct. 2, 2021 \/PRNewswire\/ &#8212;&nbsp;Joy Spreader (HKG: 6988, &#8220;the Group&#8221;) announced an additional investment of HK$2.898 million (approx.US$376,700) to buy back 1.178 million of its shares at a price of HK$2.46 per share (approx.US$0.32) on September 30. Combined with the shares repurchased on the prior day, the company bought back 2.167 million shares in [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":1073,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-1072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Joy Spreader Group to Invest Additional HK$2.898 Million to Repurchase 1.178 Million of its Own Shares - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=1072\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Joy Spreader Group to Invest Additional HK$2.898 Million to Repurchase 1.178 Million of its Own Shares - My Blog\" \/>\n<meta property=\"og:description\" content=\"BEIJING, Oct. 2, 2021 \/PRNewswire\/ &#8212;&nbsp;Joy Spreader (HKG: 6988, &#8220;the Group&#8221;) announced an additional investment of HK$2.898 million (approx.US$376,700) to buy back 1.178 million of its shares at a price of HK$2.46 per share (approx.US$0.32) on September 30. 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