China’s Pop Mart to buy back shares worth up to US$740m as collectible-toy demand cools
Chinese toymaker Pop Mart International will launch a share buy-back plan worth up to 5 billion yuan (US$740 million) over the next six months, it said after the market closed on Thursday. The buy-back of between 2 billion yuan and 5 billion yuan comes amid softer domestic sales and normalising demand following last year’s strong performance, which was fuelled by blockbuster toy character Labubu.…
We haven't written up this one. SCMP Business has the full story — the link below goes straight to it.
