HK Stock Market Move | Montage Technology (06809) rose more than 4% in early trading, planning to repurchase 3 billion to 6 billion yuan worth of A-shares through centralized competitive bidding.

Montage Technology (06809) rose more than 4% in morning trading, up 4.55% to HK$326 as of the time of reporting, with a turnover of HK$184 million. In terms of news, on July 24th, Montage Technology announced on its official website that the company plans to repurchase its A shares through centralized bidding trading, with a repurchase amount of no less than 3 billion yuan (inclusive) and no more than 6 billion yuan (inclusive). The repurchase price will not exceed 332.90 yuan per share (inclusive), and the repurchase period will be within 3 months from the date of approval by the board of directors. The funds for the repurchase will come from the company's own funds, and the repurchased shares will be used to maintain the company's value and shareholder rights.