CHANGHONG HUAYI plans to repurchase company shares for 150 million to 300 million yuan
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According to the Zhitong Finance APP, CHANGHONG HUAYI announced that the company plans to use its own funds and a special loan for repurchase to buy back some shares through centralized bidding. These shares will be used for equity incentives at an appropriate time in the future. The total amount of funds for this share repurchase will not be less than RMB 150 million (inclusive) and not more than RMB 300 million (inclusive), with a maximum repurchase price of RMB 9.8 per share. The repurchase period will be within 12 months from the date the company's board of directors approves this repurchase plan
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