Montage Technology plans Hong Kong listing, expands share buyback
Montage Technology (SSE:688008) announced plans to list H shares on the Hong Kong Stock Exchange, aiming to deepen its international strategy and attract global talent. Concurrently, the company's board approved adjustments to its 2023 and 2024 restricted stock incentive plans, and 2024 core management incentive plan, citing recent equity distributions that required adjustments. Additionally, the board greenlit a second share buyback program, earmarking between CNY200 million and CNY400 million for the purpose of share capital reduction.
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