Ningbo Huaxiang (002048.SZ) announced that the company plans to use its own funds and Bank of China Ningbo Branch to trade in a centralized auction-style manner to repurchase company shares, aiming to cancel and reduce the company's registered capital.
Zhithot Financial News APP learned that Ningbo Huaxiang (002048.SZ) issued an announcement. The company plans to use its own funds and special loan funds provided by the Bank of China Ningbo Branch to repurchase company shares through centralized auction trading, for the purpose of cancellation and reduction of the company's registered capital. Considering the company's financial condition, operational situation, and future profit potential, the total amount of the repurchase funds is determined to be no less than RMB 30 million (inclusive) and no more than 50 million yuan (inclusive). The repurchase price of shares shall not exceed RMB 20.16 per share (inclusive), with the implementation period not exceeding 12 months from the date of approval of the share repurchase plan by the shareholders' meeting.