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Changes in Hong Kong stocks | Sanhuan Group (06951) rose more than 5%, MLCC giants raised prices one after another, the company completed the first round of repurchases and launched the second round of repurchases
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The Zhitong Finance App learned that Sanhuan Group (06951) rose by more than 5%. As of press release, it had risen 3.86% to HK$102.3, with a turnover of HK$17.5092 million.

According to the news, following Murata and Guoguo's MLCC price increases in July, Taiyo Yuden recently sent a letter to customers announcing an increase in MLCC product prices starting in September this year. This is the second time this year that Taiyo Yuden has raised prices. The exact increase was not disclosed. Samsung Electric has also decided to increase the price of all MLCC products by 30% starting September 1.

It is worth noting that on the evening of July 30, Sanhuan Group revealed its second share repurchase plan. The proposed repurchase capital is not less than 500 million yuan and no more than 1 billion yuan. The company just disclosed the repurchase plan on July 21, that is, the total repurchase capital is not less than 450 million yuan and no more than 900 million yuan. In just over a week, Sanhuan Group has completed this initial repurchase. According to stock changes, the company's initial repurchase amount was 890 million yuan, and 8.5473 million shares were repurchased.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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