Boe Technology Group Co.,Ltd. (000725.SZ) has announced a significant share purchase plan by its majority stakeholder.
The controlling shareholder and actual controller, Beijing Electronic Control, intends to acquire additional public shares (A-shares) of the company through the Shenzhen Stock Exchange’s centralized bidding system. The total investment for this buyback will be no less than 500 million yuan and no more than 1 billion yuan.
This acquisition program will be carried out within a six-month period starting from the date of the announcement disclosure.
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