GLMS SEC Announces Share Buyback Plan Worth Up to 200 Million Yuan

Stock News19:03

GLMS SEC (01456) has announced its intention to repurchase its own A-shares, a move aimed at safeguarding corporate value and protecting shareholder interests while promoting the company's healthy, stable, and sustainable growth.

Driven by confidence in the prospects of China's capital market and recognition of the company's stock value, the board has resolved to utilize its own funds for the buyback, taking into account the firm's development strategy, operational status, and financial position.

The proposed total funds allocated for the share repurchase are set at a floor of RMB 100 million (inclusive) and a ceiling of RMB 200 million (inclusive), reflecting a balanced approach to capital deployment amid current market conditions.

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