FilingReader Intelligence

Qing Shui Yuan to reduce capital by cancelling shares

February 16, 2025 at 10:34 PM UTCBy FilingReader AI

Henan Qing Shui Yuan Technology (SZSE:300437) announced plans to reduce its registered capital by repurchasing and cancelling 4,640,186 shares. The shares will be repurchased from Zhong Sheng and Song Yingbiao at a total price of RMB 1.00. This action stems from a 2016-2018 performance commitment agreement. Following the share cancellation, the company's total share capital will decrease from 257,063,097 shares to 252,422,911 shares, and the registered capital will decrease from RMB 257,063,097 to RMB 252,422,911. The company is notifying creditors, who have 45 days to request debt repayment or guarantees. The share repurchase and cancellation will proceed according to legal procedures.

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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