On December 3, Shanghai Xinyang (300236.SZ) announced that the company originally planned to repurchase shares with its own funds, and the part of the repurchased shares was intended to be used for the employee stock ownership plan; the repurchase amount was not less than 40 million yuan and not more than 80 million yuan, and the price of the repurchased shares did not exceed 40 yuan per share; the repurchase period was 12 months from the date when the board of directors deliberated and approved the share repurchase plan. As of December 3, 2021, the Company has not implemented the repurchase program.
This article originated from Grand Gateway
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