Jiulong Special Materials: Planea recomprar acciones de la empresa por 150 a 200 millones de yuanes

Beijing News Shell Finance News, March 24 — Jiuli Special Materials announced that the company plans to use its own funds to repurchase shares through centralized bidding. The total repurchase amount will not be less than 150 million yuan and not more than 200 million yuan, with a repurchase price not exceeding 50 yuan per share. Based on the price ceiling, the estimated number of shares to be repurchased is between 3 million and 4 million, accounting for 0.31% to 0.41% of the company’s total share capital. The repurchased shares will be used for employee stock ownership plans, equity incentives, or future convertible bond conversions. The repurchase period will not exceed 12 months from the date the board of directors approves it.

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