Zhongwang Software Adjusts Share Buyback Plan: Funds Raised from RMB 10-20 Million to RMB 40-80 Million
Zhongwang Software, founded in 2000, announced an increase in its share repurchase amount, adjusting the total funds from RMB 10-20 million to RMB 40-80 million. The rest of the plan remains unchanged.
Zhongwang Software, established in 2000, announced that it will increase the amount of share repurchase and adjust the plan. The total funds for repurchasing shares have been adjusted from not less than RMB 10 million (inclusive) and not more than RMB 20 million (inclusive) to not less than RMB 40 million (inclusive) and not more than RMB 80 million (inclusive). Except for the above adjustment, other contents of the share repurchase plan remain unchanged.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is positive for Enterprise Software, with intensity 50/100 and 85% confidence over a short term horizon.
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