Recently, A-share companies that have obtained share buyback and shareholding loans continue to expand. According to Caixin, incomplete statistics show that this week, 14 A-share listed companies have announced the disclosure of share buyback and shareholding re-loan related information (see table). Deppon Logistics plans to increase its shareholding by 0.3 billion to -0.6 billion yuan and the loan amount not exceeding 0.4 billion yuan. Fushun Special Steel is the first A-share listed company to disclose the use of its own funds and repurchase special loans to complete the buyback.
Caixin News on November 30th (Editor: Ruo Yu) - The "share buyback and shareholding loan" has been in place for a month, and the number of listed companies in the A-share market that have received special loan support continues to grow. According to Caixin incomplete statistics, as of the time of publication, this week (November 25th to November 30th), including Hengxing New Materials, Zhejiang Jingu, Lingyun Optics, Aike Saibo, Henghui Security, Wangneng Environment, Longsheng Technology, Jiangsu Changshu Automotive Group Trim, Shanghai Microport Endovascular Medtech(Group)Co.,Ltd., Yunnan Jianzhijia Health-chain, Shanghai Haishun New Pharmaceutical Packaging, Shunyu Shares, Changchun Faway Automobile Components, and Deppon Logistics, a total of 14 listed companies disclosed share buyback and shareholding re-loan related information, as shown in the specific table:
Among the listed companies that have disclosed the use of special loans for share repurchase or share buyback plans, Deppon Logistics has the highest amount of planned repurchase and the amount of special loan funds obtained. The benchmark enterprise in the express logistics industry, Deppon Logistics, announced on November 25th that its indirectly controlling shareholder JD Zhuofeng plans to increase its shareholding through centralized bidding trading, with a total increase of no less than 0.3 billion yuan and not exceeding 0.6 billion yuan. The source of the funds for the increase comes from the special loan provided by Bank of China Suqian Branch and JD Zhuofeng's own funds. The Bank of China Suqian Branch has agreed to provide special loan support to JD Zhuofeng for increasing the company's shares, with a loan amount not exceeding 0.4 billion yuan. In the secondary market, Deppon Logistics closed at the limit up on November 26th.
In addition, many listed companies such as Jiangsu Changshu Automotive Group Trim, Wangneng Environment, Shanghai Microport Endovascular Medtech(Group)Co.,Ltd., and Shanghai Haishun New Pharmaceutical Packaging have successively disclosed this week that they have obtained funding support for share buybacks and shareholding.
One of the major suppliers of automotive interior parts in China, Jiangsu Changshu Automotive Group Trim, announced on November 27th that the company received a "中国农业银行股份有限公司常熟分行出具的《中国农业银行贷款承诺函》" (China Agricultural Bank Limited Company Changshu Branch's Loan Commitment Letter), committing a loan amount of 0.2 billion yuan, a loan term of one year, and the loan purpose limited to repurchasing the company's stocks. The commitment letter is valid for one year from the date of issue.
Wangneng Environment, engaged in the main businesses of domestic waste disposal, kitchen waste disposal, waste lithium battery reuse, and rubber recycling, announced on November 27th that it plans to repurchase company shares amounting to 0.1 billion to -0.2 billion yuan, with the expected repurchased shares accounting for approximately 1.07% to 2.13% of the company's current total issued shares. The company has obtained a "中国工商银行浙江省分行出具的《关于对旺能环境股份有限公司股票回购专项贷款项目的承诺函》" (Industrial and Commercial Bank of China Zhejiang Branch's Commitment Letter on Special Loan Project for Repurchasing Shares), agreeing to provide special loan support for repurchasing A-share shares not exceeding 0.14 billion yuan, with a term of one year.
Specializing in the research, production, and sales of high-barrier packaging materials directly in contact with pharmaceuticals, Shanghai Microport Endovascular Medtech(Group)Co.,Ltd. - on November 26th, the company received a "浦发银行张江科技支行出具的《贷款承诺函》" (Loan Commitment Letter from Shanghai Pudong Development Bank Zhangjiang Technology Branch), committing to provide 0.14 billion yuan in loan funds for share repurchase. This loan is in the form of credit, with a term of one year for a single transaction, valid for six months from the date of issue. The company previously announced on October 29th that it plans to repurchase shares amounting to 0.1 billion to -0.2 billion yuan, and the repurchased shares will be used entirely for stock-based incentives or employee shareholding plans at a suitable future time.
Specializing in the research and production of high-barrier packaging materials that come into direct contact with pharmaceuticals, Shanghai Haishun New Pharmaceutical Packaging announced on November 25th that the company recently received a "中信银行股份有限公司苏州分行出具的《贷款承诺函》" (Loan Commitment Letter from China Citic Bank Corporation Suzhou Branch), with China Citic Bank providing a special loan fund not exceeding 0.14 billion yuan for the company's share buyback. Shanghai Haishun New Pharmaceutical Packaging previously announced on October 9th that it plans to repurchase shares amounting to 0.1 billion to -0.2 billion yuan, and the repurchased shares will be used for the conversion of corporate bonds.
In addition, it is worth mentioning that Fushun Special Steel, which holds the highest market share in military high-temperature alloys and ultra-high-strength steel in China, announced on the evening of November 26th that the company has completed the share buyback plan. The funding sources include proprietary funds and a special loan for share buyback from the Fushun branch of China Citic Bank. According to media reports, Fushun Special Steel is the first A-share company to disclose the completion of a share buyback using proprietary funds and special loans. Specifically, on November 22nd, Fushun Special Steel completed the share buyback, actually repurchasing 10.0319 million shares of the company, accounting for 0.51% of the total share capital, with a total amount paid of RMB 70.0047 million (excluding transaction costs).