Hengyi Petrochemical completes share repurchase program, strengthens shareholder value
Hengyi Petrochemical (SZSE:000703) completed its fifth phase share repurchase program on October 20, 2025. The company repurchased 29,240,840 shares, representing 0.81% of its total share capital. The aggregate transaction value reached RMB 184,899,176.08, with prices ranging from RMB 5.97 to RMB 6.62 per share. This initiative, approved by the board on October 22, 2024, utilized both proprietary funds and a dedicated stock repurchase loan.
The repurchase scheme, which aimed for a total investment between RMB 125,000,000 and RMB 250,000,000, was executed in compliance with regulatory requirements. The shares acquired will be used for employee stock ownership plans or equity incentives, supporting the company's long-term operational goals. Any shares not utilized within 36 months of the repurchase completion will be cancelled.
During the repurchase period, Hengyi Petrochemical's controlling shareholder, Zhejiang Hengyi Group Co., Ltd., cumulatively increased its stake by 65,997,280 shares between January 24, 2025, and June 23, 2025. This activity, along with the repurchase, has resulted in a minor adjustment to the company's shareholding structure.
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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