Tianshui Zhongxing Bio-technology (002772.SZ) plans to repurchase shares worth 80 million to 150 million yuan. It has obtained a commitment for a loan of not more than 100 million yuan from China Minsheng Banking Corp., Ltd.
14/11/2024
GMT Eight
Tianshui Zhongxing Bio-technology (002772.SZ) announced that the company plans to repurchase shares with an amount ranging from 80 million to 150 million RMB, at a repurchase price not exceeding 10 RMB per share. The funds for the share repurchase will be sourced from the company's own funds and specialized loan funds for stock repurchase. China Minsheng Banking Corp., Ltd. Lanzhou Branch has issued a "Special Loan Commitment Letter for Stock Repurchase" to the company, promising to provide specialized loan support for the company's share repurchase, with a loan amount not exceeding 100 million RMB and a loan term of 1 year.