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Is Jiangxi Bestoo Energy Co.,Ltd.'s (SZSE:001376) Recent Stock Performance Tethered To Its Strong Fundamentals?
Baotong Energy (001376.SZ): Baotong, an entity in Lianyungang, plans to establish Ganyu Baotong Hongda Heat Energy Co., Ltd.
Gelonghui, November 28th | Baotong energy (001376.SZ) announced that, in order to meet the needs of the company's global strategy, Jiangxi Baotong Energy Co., Ltd., a holding subsidiary of Baotong Energy, plans to invest 50 million RMB of its own funds to establish a subsidiary, Gan Yu Baotong Hongda Thermal Power Co., Ltd. (tentative name, subject to the final registration approval of the local relevant department).
Baotong Energy (001376.SZ): Intends to repurchase 0.22% to 0.39% of the company's shares.
On November 28th, Gelonghui reported that Baitong Energy (001376.SZ) announced the company plans to repurchase its issued ordinary shares (A-shares). The repurchased shares will be used for implementing the company's employee stock ownership plans or stock-based incentives. Any part of the repurchased shares not used within the statutory period will be cancelled and will reduce the registered capital. The repurchase amount will not exceed 36 million yuan (inclusive). The repurchase price will not exceed 20 yuan per share. The number of shares to be repurchased will be no less than 1 million shares and no more than 1.8 million shares, accounting for approximately 0.22% to 0.39% of the company's total share capital.
Individual Investors Invested in Jiangxi Bestoo Energy Co.,Ltd. (SZSE:001376) Copped the Brunt of Last Week's CN¥489m Market Cap Decline
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Jiangxi Bestoo EnergyLtd (SZSE:001376) Has A Rock Solid Balance Sheet
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