Piotech Inc. (688072.SH) Chairman proposes share repurchase of RMB 200 million to RMB 300 million.
Piotech Inc. (688072.SH) announced that on October 15, 2026, the company's board of directors received a letter from Mr. Lyu Guangquan, Chairman of the company, proposing a share repurchase of Piotech Inc. Mr. Lyu Guangquan proposed that the company use its own funds to repurchase part of its issued RMB ordinary shares (A shares) through the Shanghai Stock Exchange trading system by way of centralized bidding. The total repurchase amount shall be no less than RMB 200 million (inclusive) and no more than RMB 300 million (inclusive). The repurchased shares are intended to be used for employee equity incentives/employee stock ownership plans or to reduce the company's registered capital.
Piotech Inc. (688072.SH) announced that on October 15, 2026, the company's board of directors received a letter from Mr. L Guangquan, Chairman of the company, titled "Proposal Regarding the Repurchase of Company Shares of Piotech Inc." Mr. L Guangquan proposed that the company use its own funds to repurchase a portion of its issued RMB ordinary shares (A shares) through the Shanghai Stock Exchange trading system by way of centralized bidding. The total repurchase amount shall be no less than RMB 200 million (inclusive) and no more than RMB 300 million (inclusive). The repurchased shares are intended to be used for employee equity incentives/employee stock ownership plans or to reduce the company's registered capital.
Related Articles
US Stock Market Move | Selloff Continues as Nasdaq 100 Plunges 1.3%, Most Star Tech Stocks Fall
AI data center construction demand remains strong; Morgan Stanley is bullish on the outlook for Ethernet and optical communications, favoring Lumentum (LITE.US) and Coherent (COHR.US) amid the stock pullback.
QINGLING MOTORS (01122) Signs Capital Reduction Agreement to Fully Control Qingling Mould
US Stock Market Move | Selloff Continues as Nasdaq 100 Plunges 1.3%, Most Star Tech Stocks Fall
AI data center construction demand remains strong; Morgan Stanley is bullish on the outlook for Ethernet and optical communications, favoring Lumentum (LITE.US) and Coherent (COHR.US) amid the stock pullback.
QINGLING MOTORS (01122) Signs Capital Reduction Agreement to Fully Control Qingling Mould
