Hangzhou Cable (603618.SH) chairman proposes share buyback of RMB50 million to RMB100 million.
Hangzhou Cable (603618.SH) announced that Chairman Hua Jianfei has proposed that the company use its own funds or self-raised funds to repurchase a portion of its issued RMB ordinary shares (A shares) through the centralized bidding trading method on the Shanghai Stock Exchange trading system. The repurchased shares are intended for employee equity incentives/employee stock ownership plans or to reduce the company's registered capital. The total repurchase amount shall be no less than RMB50 million (inclusive) and no more than RMB100 million (inclusive).
Hangzhou Cable (603618.SH) announced that Hua Jianfei, chairman of the company, has proposed that the company use its own funds or self-raised funds to repurchase a portion of its issued RMB ordinary shares (A shares) through the centralized bidding trading method via the Shanghai Stock Exchange trading system. The repurchased shares are intended to be used for employee equity incentives/employee stock ownership plans or to reduce the company's registered capital. The total repurchase amount shall be no less than RMB50 million (inclusive) and no more than RMB100 million (inclusive).
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