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Zhengzhou Coal Mining Machinery to repurchase A-shares

March 12, 2025 at 05:11 PM UTCBy FilingReader AI

Zhengzhou Coal Mining Machinery Group (SSE:601717) announced plans to repurchase A-shares via centralized bidding, allocating between RMB 50 million and RMB 60 million. The repurchased shares, sourced from the company’s own and self-raised funds, are earmarked for equity incentives or employee stock ownership plans. The repurchase price will not exceed RMB 17 per share, a figure 150% of the average A-share trading price in the 30 days leading up to the board's resolution. The repurchase will occur between March 12, 2025, and September 11, 2025. The company affirmed that its directors, supervisors, senior management, controlling shareholders, and those holding 5% or more of shares do not currently have plans to reduce their holdings. The plan is designed to safeguard investor interests, bolster investor confidence, and establish more robust long-term incentives within the company.

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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