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Topglov sbb move is quite smart tbh, they knew their share worth more than rm6 value, so they buyback all the floating shares below rm8 and then re-issue in hk later, hkse has higher valuation and more efficient. Even though not gonaa re-issue in hlse, as long as the shares are retained, shareholders’ shares are more valuable as there are less supply of the shares in the floating market, hence the share price can be maintained and stable. I personally think this is really smart move instead of just giving back the dividen
