FilingReader Intelligence

Jilin Electric's largest shareholder nears halfway point of buyback

July 9, 2025 at 09:21 AM UTCBy FilingReader AI

Jilin Electric Power announced that its actual controller, State Power Investment Corporation (SPIC), and its wholly-owned subsidiary, Innovation Investment Company, have reached the halfway point of their planned shareholding increase. As of July 8, 2025, Innovation Investment Company has acquired 28,164,057 shares via the Shenzhen Stock Exchange trading system, representing 0.7765% of Jilin Electric's total share capital. The total investment to date amounts to CNY14,506,240,000, exclusive of transaction costs. SPIC intends to invest between CNY200,000,000 and CNY400,000,000 in total. The buyback is intended to support the long-term, healthy, and stable development of Jilin Electric, and boost investor confidence. The company affirmed that the shareholding increase complies with relevant laws and regulations and will not impact the company's listing status or control structure.

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

SZSE:000875Shenzhen Stock Exchange

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