Hexing Electrical initiates share repurchase program
Hangzhou Haixing Electric Power Technology Co., Ltd. (SSE:603556) announced the commencement of its share repurchase program on May 27, 2025. The company repurchased 1,123,600 shares, representing 0.23% of the total share capital. The highest repurchase price was CNY27.06 per share, and the lowest was CNY26.20 per share, with a total expenditure of CNY29,995,140.00 (excluding transaction costs). The repurchase is intended for employee stock ownership plans or equity incentives and is within a planned timeframe of 12 months from the board's approval on May 26, 2025. The total repurchase amount will be between CNY100 million and CNY200 million. The company will continue to disclose information regarding the repurchase progress.
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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