FilingReader Intelligence
Shemar Electric launches RMB 30-40bn share buyback program
August 7, 2025 at 08:49 AM UTC•By FilingReader AI
Jiangsu Shemar Electric announced a share buyback program worth RMB 30-40 billion, repurchasing shares at up to RMB 38 each over 12 months.
The company will fund the program through own capital and borrowed funds, including a dedicated loan of up to RMB 350 million. All repurchased shares will be used for employee stock ownership plans and equity incentive programs.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
SSE:603530•Shanghai Stock Exchange
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