Montage Technology Co.,Ltd. (ASX: 688008) has announced that its board of directors received a formal proposal from Chairman and CEO Mr. Yang Chonghe on July 16, 2026.
The proposal recommends that the company repurchase its own A-shares using its own funds through centralized competitive bidding on the Shanghai Stock Exchange trading system.
The proposed total amount for the share repurchase is set at no less than 3 billion yuan and no more than 6 billion yuan.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.