Hengshuo Co., Ltd. (688416.SH) has announced that the company plans to repurchase shares through a centralized bidding trade.
According to the Zhitong Financial APP, Hengshuo Co., Ltd. (688416.SH) has announced that the company intends to repurchase shares through a centralized bidding trade. The repurchased shares will be used for the employee stock ownership plan or stock-based incentive and will be transferred within three years after the announcement of the results of the share repurchase and changes in shareholding. The total amount for the buyback will be no less than 30 million yuan (inclusive) and no more than 60 million yuan (inclusive). The repurchase price will not exceed 52.51 yuan/share (inclusive), and the repurchase period will be within 12 months from the date of the company's board of directors' approval of this repurchase plan.