Henan Jindan Lactic Acid Technology (300829.SZ) plans to spend 40 to 70 million yuan on implementing a repurchase. The repurchase price will not exceed 28.11 yuan per share.
Jindan Technology (300829.SZ) announced that the company plans to use its own funds and repurchase special loans on a centralized bidding basis.
Announcement from Henan Jindan Lactic Acid Technology (300829.SZ): The company plans to use its own funds and a special loan to repurchase some of the company's publicly held shares through centralized competitive trading, in order to implement an employee stock ownership plan or equity incentive. The total amount of funds used for the repurchase of shares shall be no less than RMB 40 million and no more than RMB 70 million (including the principal). The repurchase price shall not exceed RMB 28.11 per share (including the principal). The repurchase implementation period shall not exceed 12 months from the date of approval by the company's board of directors of the share repurchase scheme.
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