OmniVision Integrated Circuits Group, Inc. (00501) plans to repurchase no more than RMB 500 million of A-shares.
OmniVision Integrated Circuits Group, Inc. (00501) announced that, based on firm confidence in the company's future development prospects and high recognition of the company's long-term value, in order to safeguard the interests of the broad base of investors, especially small and medium-sized investors, and enhance investor confidence, while also further improving the company's long-term incentive mechanism, fully mobilizing the enthusiasm of the company's management team, core key personnel, and outstanding employees, enhancing team cohesion and competitiveness, and effectively aligning the interests of shareholders, the company, and core team members, so that all parties jointly create greater value for the company's long-term development and bring sustained and stable returns to shareholders.
OmniVision Integrated Circuits Group, Inc. (00501) announced that, based on its firm confidence in the company's future development prospects and high recognition of the company's long-term value, in order to safeguard the interests of the broad investor base, especially small and medium-sized investors, enhance investor confidence, and further improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the company's management team, core key personnel and outstanding employees, improve team cohesion and competitiveness, effectively align the interests of shareholders, the company and core team members, enable all parties to jointly create greater value for the company's long-term development and bring sustained and stable returns to shareholders. The company plans to use its own funds and/or self-raised funds to repurchase some of its A-share public shares through centralized bidding trading, for the implementation of an employee stock ownership plan or equity incentive plan.
The repurchase price shall not exceed RMB 120 per share (inclusive), and the total amount of funds to be used for the repurchase shall be no less than RMB 250 million (inclusive) and no more than RMB 500 million (inclusive).
Related Articles
QINGLING MOTORS (01122) Signs Capital Reduction Agreement to Fully Control Qingling Mould
COOLPAD GROUP (02369) proposes a rights issue on a "2-for-1" basis to raise a maximum net proceeds of approximately HK$56 million.
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.
QINGLING MOTORS (01122) Signs Capital Reduction Agreement to Fully Control Qingling Mould
COOLPAD GROUP (02369) proposes a rights issue on a "2-for-1" basis to raise a maximum net proceeds of approximately HK$56 million.
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.
