PGVT: Plans to repurchase company shares worth 100 million to 200 million yuan, and the controlling shareholder intends to increase holdings of company shares worth 50 million to 100 million yuan
PGVT announced that the company plans to use its own funds to repurchase a portion of the ordinary shares of RMB issued domestically through centralized bidding. The repurchased shares will be used for implementing equity incentives. The total amount of funds for this repurchase will not be less than RMB 100 million and not exceed RMB 200 million; the controlling shareholder, Pangang Group, intends to increase its holdings in the company by RMB 50 million to RMB 100 million
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