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ANTA Sports plans to repurchase shares, demonstrating market confidence.

Anta Sports, a Chinese sports brand, plans to repurchase shares within 18 months with a cap of HK$100 billion. This move will use existing cash, and the repurchased shares will be canceled. The first half of the year saw revenues of 33.74 billion yuan, an increase of 13.8%.

Repurchase of shares: The company buys back its own stocks from the open market, typically boosting the stock price and showing confidence in the company's future.

Cancellation of shares: The repurchased stocks are permanently removed, reducing the total number of shares and theoretically increasing the value per share.

Anta has been active recently, including investing in Amer Sports, changing the company logo, and seeing continuous revenue growth.

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