On Monday at 10:17 AM (Bangkok time), the share price of CH. Karnchang Public Company Limited (SET: CK) jumped by 6.04% or THB 1.10 to THB 19.30, with a trading value of THB 63.88 million.
The rise in CK’s share price came after the company announced the notification of resolution of the Board of Directors’ meeting regarding share repurchase for financial management project via the Stock Exchange of Thailand (SET) on November 29, 2024.
The Board of Directors’ Meeting No. 7/2024, held on November 29, 2024, resolved to approve the Share Repurchase Project for financial management purposes in an amount not exceeding Baht 3,000 million and the number of shares not exceeding 130 million shares, equivalent to 7.67%, which does not exceed 10 percent of the total shares sold, with the repurchase period starting from December 2, 2024, to June 1, 2025.
