M&G Stationery completes share repurchase plan

Shanghai M&G Stationery (SSE:603899) announced the completion of its share repurchase plan, initially approved on August 27, 2024. The company repurchased 5.175 million shares, representing 0.56% of its total share capital, at prices ranging from 25.29 yuan to 33.31 yuan per share. The total expenditure for the repurchase amounted to 150.0192 million yuan, excluding transaction costs. The repurchased shares are intended for use in employee stock ownership or equity incentive plans. The repurchase was conducted through centralized bidding transactions and funded by the company's own capital. The company's board has confirmed that the buyback will not have a material impact on the company's operations, financials, or future growth.