Yantai Jereh: Shareholder boosts confidence with planned buyback

Yantai Jereh Oilfield Services Group [SZSE:002353] announced a series of strategic moves reflecting strong confidence from both its leadership and major shareholders. The company's controlling shareholders, namely Sun Weijie, Wang Kunxiao, and Liu Zhenfeng, intend to increase their holdings in the company by at least CNY 50 million, and no more than CNY 70 million, over the next six months through concentrated bidding via the Shenzhen Stock Exchange. This initiative aims to bolster investor confidence and support the company's stable growth.