Daqin Railway announced on the evening of August 3 that it plans to use its own funds of 400 million to 500 million yuan to repurchase shares through centralized bidding at a price not exceeding 7.1 yuan per share. The buyback period will be no more than six months from the date of shareholder meeting approval, and all repurchased shares will be cancelled to reduce registered capital. Based on the upper limit of the buyback amount, the number of shares to be repurchased is approximately 56.338 million to 70.4225 million, accounting for about 0.28% to 0.35% of the company's total share capital. On the same day, Bethel Automotive announced a plan to repurchase shares worth 100 million to 200 million yuan for employee stock ownership plans or equity incentives, with a maximum buyback price of 37.23 yuan per share. Yunzhongma disclosed that its buyback plan has received a commitment letter for a special loan of up to 45 million yuan from the Lishui branch of Industrial and Commercial Bank of China, with a loan term of three years, specifically for stock repurchases.
Daqin Railway Co LtdPlans share buyback of 400-500 million yuan and cancellation, boosting shareholder value.
Zhejiang Yunzhongma Co.,Ltd.Received loan commitment for buyback, facilitating capital return.
Bethel Automotive Safety Systems Co Ltd Class AAnnounced buyback plan for employee incentives, supporting stock price.