Metallurgical Corporation of China (601618.SH) plans to repurchase A shares worth 1 billion to 2 billion yuan.
China Metallurgical Corporation Limited (601618.SH) announced that the company plans to repurchase some of its A shares and H shares through centralized competitive bidding. The amount for the repurchase of A shares shall not be less than RMB 1 billion (inclusive) and not more than RMB 2 billion (inclusive); the number of repurchased H shares shall not exceed 10% of the total number of H shares issued on the day when the relevant resolution granting the repurchase of H shares was approved at the shareholders' meeting, and the repurchase amount shall not exceed RMB 500 million. The repurchase price of A shares shall not exceed RMB 4.90 per share, and the repurchased shares will be used for cancellation and reduction of the company's registered capital.
Metallurgical Corporation of China (601618.SH) announced that the company plans to repurchase some of its A shares and H shares through centralized competitive trading. The amount of A shares repurchased shall not be less than RMB 1 billion (inclusive) and not more than RMB 2 billion (inclusive); the number of H shares repurchased shall not exceed 10% of the total number of H shares issued on the day when the proposal granting the authorization for H shares repurchase was approved at the relevant shareholder meeting, with a repurchase amount not exceeding RMB 500 million. The repurchase price of A shares shall not exceed RMB 4.90 per share, and the repurchased shares will be used for cancellation and reduction of the company's registered capital.
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