Dongyangguang Completes Share Buyback, Spending RMB600 Million
Dongyangguang has completed its share buyback program, repurchasing 16.4997 million shares, or 0.55% of its total share capital, for approximately RMB600 million. The buyback price ranged from RMB31.55 to RMB37.81 per share. The repurchased shares are intended for an employee stock ownership plan or equity incentives.
Dongyangguang announced that, as of the disclosure date, the company's share buyback program has been fully implemented. The company repurchased 16.4997 million shares, representing 0.55% of its total share capital, at a maximum price of RMB37.81 per share and a minimum price of RMB31.55 per share, with total payments amounting to approximately RMB600 million (excluding transaction fees). The repurchased shares are intended for use in an employee stock ownership plan or equity incentives.