Sinofibers plans share repurchase, ramps up production
Sinofibers Technology (SZSE:300777) announced a plan to repurchase company shares worth between CNY 70 million and CNY 80 million for employee stock ownership or equity incentives, signaling confidence in its value and future prospects. The repurchase, approved by the board, will be executed through a centralized bidding process via the Shenzhen Stock Exchange. The move aligns with the company's efforts to establish a long-term incentive mechanism and promote sustainable development.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
Supplementary Source Documents
News Alerts
Get instant email alerts when Sinofibers Technology publishes news
Free account required • Unsubscribe anytime