Intelligent Group Limited dropped 1.09% in premarket trading. The company announced a 20% share buyback, which is generally seen as a bullish move, but the stock price decreased. This could be due to the lock-up agreement on certain A shares, which will be under lockup for 373 days starting from 3-JUL-2024 to 11-JUL-2025, potentially limiting liquidity and causing investor uncertainty.
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