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Meituan's stock price surged over 3% in a straight line, and Meituan's CFO stated that the value is severely undervalued and will buy back shares.

金色财经_
Jinse Finance reports that on June 26, Meituan surged more than 3% straight up to HK$68.35. At Meituan's annual shareholders' meeting, CEO Wang Xing stated that the company's stock price has not been ideal over the past few years, and he feels a great sense of responsibility for this. "On one hand, we will actively strive to operate the company well; on the other hand, we call for more rational development across the entire industry." Additionally, Meituan will take other measures to boost market confidence as much as possible. For example, Meituan has some good external investments that may yield good returns upon listing, and the company will consider actively exiting when appropriate. Meituan CFO Chen Shaohui said the company's current value is severely undervalued, and Meituan plans to conduct stock buybacks.
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