On the evening of November 4, a number of listed companies released buyback-related announcements, with the repurchased shares to be used for employee stock ownership plans or equity incentives, among other purposes.
Among them, Hygon Information Technology Co., Ltd. plans to repurchase up to 800 million yuan worth of shares, while the controlling shareholder of Shennan Circuits Co., Ltd. proposed a buyback of up to 500 million yuan.
Multiple Companies Plan to Launch Buybacks
Tonight, companies including Hygon Information Technology Co., Ltd. and Hengtong Optic-Electric Co., Ltd. successively issued announcements, planning share repurchases worth up to several hundred million yuan.
Hygon Information Technology Co., Ltd. announced that it intends to repurchase its A-shares through centralized bidding, with a repurchase price not exceeding 318.52 yuan per share and a total repurchase amount of no less than 500 million yuan and no more than 800 million yuan. The repurchased shares will be used for employee stock ownership plans or equity incentives at an appropriate time in the future.
Canature Health Technology Group Co., Ltd. announced that it plans to repurchase its shares through centralized bidding, with a total repurchase amount of no less than 50 million yuan and no more than 100 million yuan, and a repurchase price not exceeding 6.5 yuan per share. The repurchased shares will be used for equity incentives or employee stock ownership plans.
Hengtong Optic-Electric Co., Ltd. announced that it plans to repurchase shares through centralized bidding, with a total repurchase amount of no less than 100 million yuan and no more than 200 million yuan, and a repurchase price not exceeding 84.05 yuan per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. In addition, the company's controlling shareholder, Hengtong Group, plans to increase its holdings by no less than 400 million yuan and no more than 600 million yuan.
T&S Communications Co., Ltd. announced that it plans to repurchase its A-shares through centralized bidding, with a total repurchase amount of no less than 60 million yuan and no more than 100 million yuan, and a repurchase price not exceeding 120 yuan per share. The repurchased shares will be used for equity incentives or employee stock ownership plans.
It is worth noting that Changxin Technology announced this morning that its chairman, Zhu Yiming, proposed raising the upper limit of the buyback amount from "no less than RMB 1 billion (inclusive) and no more than RMB 2 billion (inclusive)" to "no less than RMB 2.5 billion (inclusive) and no more than RMB 5 billion (inclusive)."
On the evening of October 30, Changxin Technology announced that it plans to repurchase shares through centralized bidding using its own or self-raised funds, with a repurchase amount of no less than 1 billion yuan and no more than 2 billion yuan, and a repurchase price not exceeding 72.69 yuan per share.
Controlling Shareholders or Chairmen Propose Buybacks
Tonight, several companies including Shennan Circuits Co., Ltd., Guanggang Gas Co., Ltd., and Tianhua Xinneng Co., Ltd. announced that their controlling shareholders or chairmen proposed share buybacks.
Shennan Circuits Co., Ltd. announced that its controlling shareholder, actual controller, chairman, and general manager, Qiu Xingya, proposed that the company repurchase shares through centralized bidding, with a total repurchase amount of no less than 400 million yuan and no more than 500 million yuan. The repurchased shares will be used for equity incentives or employee stock ownership plans.
Guanggang Gas Co., Ltd. announced that its chairman, Deng Tao, proposed that the company repurchase A-shares through centralized bidding, with a total repurchase amount of no less than 200 million yuan and no more than 400 million yuan. The repurchased shares will be used for equity incentives or employee stock ownership plans, among other purposes.
Tianhua Xinneng Co., Ltd. announced that its controlling shareholder, actual controller, and chairman, Pei Zhenhua, proposed that the company repurchase some shares through centralized bidding, with a total repurchase amount of no less than 100 million yuan and no more than 200 million yuan. The repurchased shares will be used for cancellation and reduction of registered capital, or for employee stock ownership plans and equity incentives.
Yunnan Tin Co., Ltd. announced that its controlling shareholder's parent company, Yunnan Tin Holding Group, proposed that the company repurchase its A-shares through centralized bidding, with a total repurchase amount of no less than 100 million yuan and no more than 200 million yuan. The repurchased shares will be used for equity incentives or employee stock ownership plans.
Kema Technology Co., Ltd. announced that its actual controller, chairman, and general manager, Liu Xianbing, proposed that the company use its own funds or self-raised funds to repurchase its A-shares through centralized bidding, with a total repurchase amount of no less than 70 million yuan and no more than 120 million yuan. The repurchased shares will be used for equity incentives or employee stock ownership plans.
Guangli Micro Co., Ltd. announced that its actual controller, chairman, and general manager, Zheng Yongjun, proposed that the company repurchase shares through centralized bidding, with a total repurchase amount of no less than 50 million yuan and no more than 100 million yuan. The repurchased shares will be used for equity incentives or employee stock ownership plans.
Hangke Technology Co., Ltd. announced that its controlling shareholder, actual controller, and chairman, Cao Ji, proposed that the company repurchase shares through centralized bidding, with a total repurchase amount of no less than 50 million yuan and no more than 100 million yuan. The repurchased shares will be used to safeguard the company's value and shareholders' rights and interests.
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