Millet Repurchased Shares For 6 Consecutive Trading Days, Which Cost Over HK $370 Million.

On September 25th, the media learned that yesterday evening, the announcement of the group announced that 10 million 710 thousand shares were repurchased in September 24th, with a total payment of nearly HK $100 million. The repurchase price is HK $9.38 per share, and the price is HK $9.26 per share.

In fact, since September, the group has bought shares for 6 consecutive trading days. In September 18th, Xiaomi repurchased 2 million 730 thousand shares, which cost HK $24 million 970 thousand; in September 17th, it repurchased 2 million 756 thousand and 200 shares, which cost HK $25 million; in September 19th, millet repurchased 2 million 731 thousand and 200 shares, which cost HK $24 million 980 thousand; September 20th repurchased 10 million 800 thousand shares, which cost HK $99 million 940 thousand; September 23rd, millet bought 10 million 740 thousand shares again, which cost HK $99 million 990 thousand.

Media noted that since June 3rd this year, millet has launched 18 repo operations, which cost up to HK $1 billion. In the month of June this year, millet carried out 17 share repurchases continuously. However, the repurchase in June had limited effect on Millet's share price. Xiaomi shares not only failed to earn twice as long as Lei Jun looked forward to, but in September 2nd, it fell to HK $8.28 at a relatively low price, and ended up at HK $8.35 on that day.

In September 3rd, Xiaomi group issued a bulletin and issued a notice saying that in September 2nd, the board formally exercised the exercise of share repurchase authorization to buy shares in the open market from time to time at HK $12 billion. The board of directors of millet may further exercise its share repurchase authorization based on market conditions.

According to the announcement, the board of directors of millet believes that the repurchase of shares can show Millet's confidence in its business prospects and prospects, and will ultimately bring benefits to the company and create value for shareholders. Millet has sufficient financial resources to support stock repurchases while maintaining a healthy financial position.

And millet continuous buy back stock is clearly to save a downward trend of stocks. Millet group has been on the market for a year, from the opening of HK $16.8 to HK $21.55, the share price is just like a downhill roller coaster, all the way down the issue price, while the price is cut short, so millet constantly repurchase shares to stabilize the stock price.

Millet listed first days, Lei Jun has said that let investors invest in Millet shares, doubled investment, now, this goal is still far away, until the advent of 5G and the era of the Internet of things, whether millet can fight the battle, Lei Jun can double the promise? And give the answer to time.