Shanghai Liangxin Electrical(002706.SZ) Chairman Proposes RMB 80 Million to RMB 160 Million Share Buyback
Shanghai Liangxin Electrical(002706.SZ) announced that Ren Silong, Chairman of the company, has proposed that the company use its own funds to repurchase a portion of its issued RMB ordinary shares (A shares) through the Shenzhen Stock Exchange trading system by way of centralized bidding, for the purpose of safeguarding company value and shareholders' rights and interests. The repurchase amount shall be no less than RMB 80 million and no more than RMB 160 million.
Shanghai Liangxin Electrical (002706.SZ) announced that Ren Silong, the company's chairman, has proposed that the company use its own funds to repurchase a portion of its issued RMB ordinary shares (A shares) through the Shenzhen Stock Exchange trading system by way of centralized bidding, in order to safeguard the company's value and shareholders' interests. The repurchase amount shall be no less than RMB 80 million and no more than RMB 160 million.
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