Jiudian Pharmaceutical announces share repurchase plan
Hunan Jiudian Pharmaceutical (SZSE:300705) announced plans to repurchase company shares using its own funds and special loan funds, aiming to implement a future equity incentive plan. The repurchase will be conducted through centralized bidding, with a price not exceeding 24.98 yuan per share. The total repurchase amount is planned to be no less than 100 million yuan and no more than 150 million yuan. Based on these figures, the company expects to repurchase between 4.0032 million and 6.0048 million shares, representing 0.81% to 1.21% of the current total share capital. The repurchase period will be within 12 months from the date the board of directors approves the plan. The funds will come from the company's own capital and a special loan for share repurchase, and the loan will account for no more than 90% of the total repurchase amount.
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