Wintime Energy (600157.SH) announced that due to the significant undervaluation of the company's stock price, the board of directors has decided to accelerate...
According to the announcement of Wintime Energy (600157.SH) on the Zhitong Finance APP, due to the significant undervaluation of the company's stock price, the board of directors has decided to accelerate the share repurchase progress for cancellation in order to reduce the registered capital. Because the repurchase of shares will result in a reduction of the total number of shares participating in profit distribution, the amount of cash dividend per share cannot be determined for now. At the same time, since the total amount of cash dividends remains unchanged, the level of cash dividends per share will be adjusted accordingly. Therefore, the company has delayed the implementation of the 2023 profit distribution plan.