Deppon Logistics to buy back shares, guarantees subsidiaries' operations
Deppon Logistics Co., Ltd. announced a share repurchase program through centralized bidding, effective from May 16, 2025, to May 15, 2026. The company intends to repurchase shares valued between RMB 75 million and RMB 150 million, with a price cap of RMB 15.85 per share after a recent rights distribution. The repurchased shares will be canceled to reduce registered capital. As of September 30, 2025, no shares have yet been repurchased under this plan.
In parallel, Deppon Logistics is providing extensive guarantees to its wholly-owned and controlled subsidiaries to support their operational needs. These guarantees, totaling RMB 183,726.19 million as of September 30, 2025, represent 21.71% of the company's latest audited net assets. The guarantees facilitate various non-financing letter of guarantee applications with banks for entities like Wenzhou Deppon Logistics and Jiangsu Deppon Logistics, among others.
This strategic move is deemed necessary and reasonable by the board to meet the subsidiaries' operational and strategic development needs, with risks considered controllable. The company confirms that none of the guaranteed entities are credit defaulters and no outstanding overdue guarantees exist.
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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