Hainan Mining plans share repurchase up to RMB 15m
Hainan Mining Co., Ltd. disclosed its intention to repurchase shares through centralized bidding, allocating a minimum of RMB 7.5 million and a maximum of RMB 15 million. The funds will come from the company's own capital supplemented by a dedicated stock repurchase loan. The maximum repurchase price is set at RMB 10.12 per share. The repurchased shares will be cancelled to reduce registered capital. The repurchase period will extend up to 12 months following shareholder approval. The plan awaits shareholder approval at the upcoming general meeting on March 12, 2025. The company's controlling shareholders and executives have confirmed no planned share reductions in the near term.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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