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
GOLDENPOWER (03919) proposes to issue rights shares on a "2 for 1" basis at a discount of approximately 14.3%, aiming to raise net proceeds of approximately HK$12.6 million.
.png)
STRONG PETRO (00852) subsidiary intends to sell all equity in Nantong Runde Petrochemical for US$12.5 million
GOGOX (02246): Proposed disposal of the entire equity interest in GGEx Holdings Limited; proposed change of Chinese name to "GOGO Technology"
GOLDENPOWER (03919) proposes to issue rights shares on a "2 for 1" basis at a discount of approximately 14.3%, aiming to raise net proceeds of approximately HK$12.6 million.
STRONG PETRO (00852) subsidiary intends to sell all equity in Nantong Runde Petrochemical for US$12.5 million
GOGOX (02246): Proposed disposal of the entire equity interest in GGEx Holdings Limited; proposed change of Chinese name to "GOGO Technology"
