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NaaS Technology Inc. Reports $10M Share Buyback in February 2025 Filing

$NAAS
Form 6-K
Filed on: 2025-02-21
Source
NaaS Technology Inc. Reports $10M Share Buyback in February 2025 Filing

Here are the key insights extracted from the provided section of the financial report:

  1. Form Type and Filing: The document is a Form 6-K, which is typically used by foreign private issuers to provide information that is not required to be filed under the U.S. Securities Exchange Act.
  2. Company Information:
  • Registrant Name: NaaS Technology Inc.
  • Commission File Number: 001-38235
  • Principal Executive Offices:
    • Address: Newlink Center, Area G, Building 7, Huitong Times Square, No.1 Yaojiayuan South Road, Chaoyang District, Beijing, China.
  1. Reporting Period: The report is for the month of February 2025.
  2. Incorporation by Reference: The report includes an incorporation by reference clause, indicating that it is part of a larger registration statement on Form F-3 (File No. 333-273515).
  3. Exhibit Index:
  • The report includes an exhibit (Exhibit 99.1) which is a press release announcing a US$10 Million Share Repurchase Program. This indicates a strategic move by the company to buy back shares, which can signal confidence in the company's value or an intention to return capital to shareholders.
  1. Signature and Authorization:
  • The report is signed by Steven Sim, who is the Chief Financial Officer (CFO) of NaaS Technology Inc.
  • Date of Filing: February 21, 2025.

These points highlight the purpose of the filing, relevant company information, and recent corporate actions that may impact investor perceptions and stock performance. The share repurchase program, in particular, could be a significant factor for investors to consider.