GigaDevice Plans Share Buyback Worth 1 Billion to 2 Billion Yuan for Cancellation

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Today, July 31, all three major stock indices rose. Total market turnover reached 2.56 trillion yuan, an increase of 201.5 billion yuan from the previous trading day. At the close, more than 4,600 stocks advanced, with 101 hitting the daily limit up. This week, the Shanghai Composite Index gained 0.47 percent, the Shenzhen Component Index fell 1.42 percent, and the ChiNext Index dropped 3.93 percent. Over 4,000 stocks posted weekly gains, with 113 rising 20 percent or more. Chuanzhi Education led with a weekly surge of 61.06 percent. According to Dragon and Tiger list data, institutional seats net bought 85 stocks this week. Eoptolink Technology saw net institutional buying of 1.633 billion yuan, the highest among all stocks. In evening announcements, GigaDevice plans to repurchase shares worth 1 billion to 2 billion yuan for cancellation, while Tianli Energy announced that the company, its controlling shareholder, and actual controller have received a case filing notice from the China Securities Regulatory Commission.

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