Taiji Industry chairman proposes share repurchase plan
Wuxi Taiji Industry (SSE:600667) announced that its chairman, Sun Hongwei, has proposed a share repurchase program to safeguard shareholder interests and enhance investor confidence. The company plans to repurchase shares via centralized bidding through the Shanghai Stock Exchange trading system, with the repurchased shares intended for cancellation and a reduction of registered capital. The repurchase price will not exceed 150% of the average share trading price in the 30 trading days prior to the board's approval. The total funds earmarked for the repurchase range from CNY 100 million to CNY 120 million, sourced from the company's own funds or self-raised funds. The repurchase period will span 12 months from the date of shareholder approval. The chairman will actively promote the proposal at the upcoming board and shareholder meetings.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
News Alerts
Get instant email alerts when Wuxi Taiji Industry publishes news
Free account required • Unsubscribe anytime