Zhuzhou CRRC Times Electric to Repurchase Up to 54.3 Million H Shares

MT NewswiresDec 6 06:27 ET

Times Electric (03898.HK) plans to exercise the authorization to repurchase its listed H shares, with the repurchase amount not exceeding 1.702 billion yuan.

Great Wisdom News December 6th | Times Electric (03898.HK) announced that the board of directors of the company intends to exercise the power granted to the board of directors at the 2023 shareholders' annual meeting, the 2024 first H-share category shareholder meeting, and the 2024 first A-share category shareholder meeting held by the company's shareholders on June 27, 2024, to repurchase the company's H shares. In order to strengthen the management of the company's value in the capital markets and respond to shareholder requests, the 7th Board of Directors of the company held its 14th meeting on December 6, 2024, and deliberated on the relevant proposal, approving the company's repurchase of shares within the authorized amount.

Gelonghui FinanceDec 6 05:16 ET

citic sec: Four industry associations have spoken out, calling for the localization of chips, which has a significant guiding role in the direction.

On December 3, 2024, the four major industry associations of china's semiconductors/autos/internet/communication companies collectively issued a statement, firmly opposing the usa's export restrictions against china, stating that relevant chip products from the usa are no longer safe or reliable, and calling for the active use of chips produced by domestic and foreign enterprises in china.

Zhitong FinanceDec 3 19:30 ET

Times Electric (03898): CRRC Asset Management intends to transfer approximately 9.3808 million shares of the company to the company's controlling shareholder CRRC Zhuzhou.

times electric (03898) announced that shareholder CRRC Asset Management intends to transfer approximately 9.3808 million shares of the company...

Zhitong FinanceNov 28 03:43 ET

Times Electric (688187.SH): Different entities under the same controlling party intend to internally transfer shares.

On November 28, Gelonhui reported that Times Electric (688187.SH) announced that shareholder CRRC Asset Management Co., Ltd. ("CRRC Asset Management") intends to transfer 9,380,769 shares of the company, accounting for 0.66% of the company's current total share capital, through bulk trade to the controlling shareholder CRRC Zhuzhou Electric Locomotive Research Institute Co., Ltd. ("CRRC Zhuzhou Institute"). This change in equity is an internal shareholding adjustment among different entities under the same controlling shareholder, not involving reduction of holdings in the market. After this transfer, the proportion of shares held by the company's controlling shareholder CRRC Zhuzhou Institute will increase from 41%

Gelonghui FinanceNov 28 03:23 ET

Zhuzhou CRRC Times Electric Reports Strong Q3 2024 Growth

TipRanksNov 27 22:52 ET