Zhongtong Bus plans A-share repurchase up to CNY200m
Zhongtong Bus Holding (SZSE:000957) announced a plan to repurchase its A-shares using company-owned or self-raised funds. The total repurchase amount is set to be between CNY100 million and CNY200 million. The repurchase price will not exceed CNY15 per share, representing a 150% premium over the average trading price in the 30 trading days before the board’s decision. The repurchase will be implemented within 12 months from the date of the board’s approval on April 24, 2025. The funds will be used for equity incentives or employee stock ownership plans. As of December 31, 2024, Zhongtong Bus' total assets stood at CNY8.176 billion, with net assets attributable to shareholders at CNY2.944 billion. The company has secured a credit commitment of up to CNY180 million specifically for this repurchase program.
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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