Shandong Gold Appoints New CFO, Plans up to 400 Million Yuan Stock Buyback

MT Newswires Live11:08

Shandong Gold Mining (HKG:1787, SHA:600547) has appointed Zou Qingbao as the company's next chief financial officer, replacing Teng Hongmeng, who has retired, according to a filing with the bourse on Friday.

In a separate filing on Friday, the company approved a proposal to buy back A shares of the company worth between 300 million yuan and 400 million yuan via centralized bidding trading.

Shandong said it plans to buy back 6.2 million to 8.2 million shares at 48.57 yuan per share. If the company repurchases the maximum number of shares for cancellation, its total number of issued shares will drop from 4.61 billion to 4.60 billion.

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