Hebei Huatong Wires and Cables Secures 70 Million Yuan Loan Commitment for Share Buyback Plan

MT Newswires Live11-08

Hebei Huatong Wires and Cables Group (SHA:605196) received a letter of commitment from the Agricultural Bank of China (SHA:601288, HKG:1288) for the provision of a 70 million yuan loan to fund its share repurchase plan, according to a Shanghai Stock Exchange disclosure on Friday.

The company will buy back shares worth between 50 million yuan and 100 million yuan within 12 months from the shareholders' approval. Each share will be priced up to 13.42 yuan.

The company said 50% of the repurchased shares will be used to reduce its registered capital and the remaining 50% will be used for equity incentives or employee stock ownership plans in the future.

The commitment is valid for one year, the disclosure said.

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

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2481133117?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-08 14:57","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481133117","market":"sg","top_or_hot":-1,"title":"Hebei Huatong Wires and Cables Secures 70 Million Yuan Loan Commitment for Share Buyback Plan","media":"MT Newswires Live","content":"<html><body><p> Hebei Huatong Wires and Cables Group (SHA:605196) received a letter of commitment from the Agricultural Bank of China (SHA:601288, HKG:1288) for the provision of a 70 million yuan loan to fund its share repurchase plan, according to a Shanghai Stock Exchange disclosure on Friday.</p><p>The company will buy back shares worth between 50 million yuan and 100 million yuan within 12 months from the shareholders' approval. Each share will be priced up to 13.42 yuan.</p><p>The company said 50% of the repurchased shares will be used to reduce its registered capital and the remaining 50% will be used for equity incentives or employee stock ownership plans in the future.</p><p>The commitment is valid for one year, the disclosure said.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hebei Huatong Wires and Cables Secures 70 Million Yuan Loan Commitment for Share Buyback Plan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHebei Huatong Wires and Cables Secures 70 Million Yuan Loan Commitment for Share Buyback Plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-08 14:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hebei Huatong Wires and Cables Group (SHA:605196) received a letter of commitment from the Agricultural Bank of China (SHA:601288, HKG:1288) for the provision of a 70 million yuan loan to fund its ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1521","symbol_name":"挪威政府全球养老基金持仓","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2481133117","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481133117","pubTimestamp":1731049072,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Hebei Huatong Wires and Cables Group  received a letter of commitment from the Agricultural Bank of China  for the provision of a 70 million yuan loan to fund its share repurchase plan, according to a Shanghai Stock Exchange disclosure on Friday.The company will buy back shares worth between 50 million yuan and 100 million yuan within 12 months from the shareholders' approval. Each share will be priced up to 13.42 yuan.The company said 50% of the repurchased shares will be used to reduce its registered capital and the remaining 50% will be used for equity incentives or employee stock ownership plans in the future.The commitment is valid for one year, the disclosure said.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"601288":"农业银行","605196":"华通线缆","BK1521":"挪威政府全球养老基金持仓","BK0175":"白马股","01288":"农业银行","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","BK0183":"MSCI概念","LU1064131003.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"A\" (USD) ACC","BK0012":"证金概念","03143":"华夏香港银行股","LU1497734951.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD-H","LU1497733631.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD","LU1969619763.USD":"EASTSPRING INV CHINA A SHARES GROWTH \"A\" (USD) ACC","LU1328277881.USD":"MANULIFE GF DRAGON GROWTH FUND \"AA\" (USD) INC","BK0224":"电气机械","LU1328615791.USD":"FULLERTON LUX FUNDS - ALL CHINA EQUITIES \"I\" (USD) ACC","LU2328871848.SGD":"Eastspring Investments - China A Shares Growth AS SGD","LU1497733557.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) INC A","LU1064130708.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"I\" (USD) ACC","LU0287142896.SGD":"Fidelity China Focus A-SGD","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","BK0015":"沪股通50","SG9999001226.SGD":"UNITED SUSTAINABLE ASIA TOP 50 \"A\" (SGD) ACC","BK0028":"国家队","BK1231":"综合性银行","LU2148510915.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","BK1560":"内银股","LU1634259557.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD-H","LU0173614495.USD":"富达中国焦点A","LU0314109678.HKD":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","LU1634259391.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD","BK0188":"融资融券","BK0187":"一线龙头","BK0278":"货币金融","LU1522347837.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC A"},"translate_title":"河北华通电线电缆取得7000万元股份回购计划借款承诺","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"601288":0.9,"605196":0.9,"01288":0.9,"03143":0.6},"content_text":"Hebei Huatong Wires and Cables Group (SHA:605196) received a letter of commitment from the Agricultural Bank of China (SHA:601288, HKG:1288) for the provision of a 70 million yuan loan to fund its share repurchase plan, according to a Shanghai Stock Exchange disclosure on Friday.The company will buy back shares worth between 50 million yuan and 100 million yuan within 12 months from the shareholders' approval. Each share will be priced up to 13.42 yuan.The company said 50% of the repurchased shares will be used to reduce its registered capital and the remaining 50% will be used for equity incentives or employee stock ownership plans in the future.The commitment is valid for one year, the disclosure said.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Shareholding Changes","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481133117"}