Daqin Railway Plans RMB400 Million to RMB500 Million Share Buyback for Cancellation
Daqin Railway plans to repurchase RMB400 million to RMB500 million of its own shares at a price no higher than RMB7.10 per share, with all repurchased shares to be cancelled and registered capital reduced. The buyback is estimated at 56.338 million to 70.4225 million shares, or 0.28% to 0.35% of total share capital. Bethel announced a RMB100 million to RMB200 million repurchase for employee incentives. Yunzhongma plans a RMB30 million to RMB50 million repurchase and has obtained a RMB45 million loan commitment from ICBC's Lishui Branch.
- Effective
- 0
- Intensity
- 20
- Confidence
- 70%
- Horizon
- Short term