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Shunfa Hengye Corporation (000631.SZ): plans to invest 0.25 billion yuan - -0.5 billion yuan to repurchase shares.
Glory Financial reported on January 10 that Shunfa Hengye Corporation (000631.SZ) announced that the company will repurchase some A-shares of public shares from the public through centralized bidding transactions. The total amount of funds for the buyback will be no less than 250 million yuan (inclusive) and no more than 500 million yuan (inclusive), with a buyback price not exceeding 4.95 yuan per share (inclusive). The company has obtained the "China Construction Bank Loan Commitment Letter" issued by the Hangzhou Branch of China Construction Bank Corporation, which promises to provide the company with no more than 450 million yuan for the Share Buyback loan.
Shunfa Hengneng Scraps Plan to Buy Stake in Puxing Deneng Natural Gas Power Generation
Shunfa Hengye Corporation (000631.SZ): Shunfa Energy City cancels the acquisition of 30% equity in Puxing Deneng.
On December 30, Ge Long Hui reported that Shunfa Hengye Corporation (000631.SZ) announced that its wholly-owned subsidiary, Shunfa Nengcheng Limited (referred to as "Shunfa Nengcheng"), intends to acquire 30% equity of Zhejiang Puxing Deneng Natural Gas Power Generation Co., Ltd. (referred to as "Puxing Deneng") from Zhejiang Puxing Lanne Natural Gas Power Generation Co., Ltd. (referred to as "Puxing Lantian") using its own funds. Since the above trade has not yet entered the actual implementation stage and the objective circumstances have changed, the Equity Transfer Agreement no longer has a basis for continued performance. Additionally, according to the provisions of Article 9.4(a) of the Equity Transfer Agreement, if this agreement cannot be completed in time.
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