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Shengquan Group (605589.SH): Obtained a share buyback loan from financial institutions.
On December 4th, Gelonghui reported that Shengquan Group (605589.SH) announced that it recently received a 'Loan Commitment Letter' issued by the Bank of China Jinan Branch, agreeing to provide a special loan to the company for the implementation of share buyback, with the loan amount not exceeding 500 million yuan and not exceeding 70% of the total buyback amount, with a term of 1 year. Apart from the aforementioned loan, the remaining funds for this buyback will be from the company's own funds.
Insiders Own 28% of Jinan Shengquan Group Share Holding Co., Ltd. (SHSE:605589) Shares but Individual Investors Control 51% of the Company
Shengquan Group (605589.SH) has repurchased 1.25% of the shares, spending 0.197 billion yuan in total.
Shengquan Group (605589.SH) has announced that as of the end of October 2024, the company has cumulatively repurchased shares...
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