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Hunan Valin Steel progresses with share repurchase program

May 6, 2025 at 05:16 PM UTCBy FilingReader AI

Hunan Valin Steel (SZSE:000932) announced the progress of its share repurchase program, reporting the acquisition of 18,375,500 company shares through its dedicated securities account as of April 30, 2025. This represents 0.2660% of the company’s total share capital. The repurchases were executed via centralized competitive bidding, with the highest transaction price at CNY 5.27 per share and the lowest at CNY 4.41 per share, totaling CNY 89,817,964.98 (excluding transaction costs). The funds for the repurchase came from the company's own funds and self-raised funds, with the repurchase price not exceeding the proposed price cap of CNY 5.80 per share outlined in the repurchase plan. The company affirmed that the repurchase activities align with relevant laws, regulations, and the company's established repurchase plan. Hunan Valin Steel indicated that it will continue to implement the repurchase program within the repurchase period, in accordance with market conditions and company developments, and will fulfill information disclosure obligations as required.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SZSE:000932Shenzhen Stock Exchange
Steel

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