Three Squirrels Inc. Announces Share Buyback Plan Valued Between 100 Million and 200 Million Yuan

Stock News03-24

Three Squirrels Inc. (300783.SZ) has disclosed a plan to repurchase a portion of its publicly traded shares using its own capital through centralized bidding. The repurchased shares are intended for employee stock incentive plans or an employee持股计划, as well as for safeguarding the company's value and shareholder rights. The company has allocated no less than 100 million yuan and no more than 200 million yuan of its own funds for the repurchase, with a maximum price per share set at 32.34 yuan. For shares repurchased for employee incentive plans, the repurchase period will not exceed twelve months from the date the board of directors approves the final repurchase plan. If the purpose is to maintain corporate value and shareholder权益, the repurchase must be completed within three months from the date of board approval.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment