The Zhitong Finance App learned that the Luoyang Molybdenum Industry (03993) rose more than 4% in the intraday period. As of press release, it had risen 3.55% to HK$12.53, with a turnover of HK$85,3812 million.

According to the news, recently, Luoyang Molybdenum Industry announced that in order to maintain the company's value and the rights and interests of the company's shareholders and enhance investor confidence, the company plans to use its own capital or self-raised funds to repurchase A shares based on confidence in the company's future development prospects and recognition of the company's stock value, combined with the company's business situation, financial situation and development strategy. The total capital for the repurchase of A-shares is RMB 1 billion (inclusive) - RMB 2 billion (inclusive).

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