Lingyuan Iron & Steel updates on share repurchase and bond conversions
Lingyuan Iron & Steel Company Limited has provided updates on its share repurchase program, initially approved on April 21, 2025. As of September 30, 2025, the company had cumulatively repurchased 14.4975 million shares, representing 0.51% of its total share capital, at a total cost of 28.4699 million yuan. The repurchase price ranged from 1.71 yuan to 2.08 yuan per share. These shares are intended for employee stock ownership plans or equity incentives.
In related news, Lingyuan Iron & Steel reported that from July 1 to September 30, 2025, 25,000 yuan of "Linggang Convertible Bonds" were converted into 12,687 ordinary shares. Cumulatively, as of September 30, 2025, a total of 222.998 million yuan of convertible bonds have been converted into 81,095,079 ordinary shares, accounting for 2.9265% of the company's total shares prior to conversion.
Following these conversions, the company's total share capital has increased by 12,687 shares to 2,852,177,822 shares. As of the end of the reporting period, 217.001 million yuan of convertible bonds remain unconverted, representing 49.3184% of the total issued amount.
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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