Softbank Dynamics: Plans to repurchase 100 million to 200 million RMB worth of shares for employee stock ownership or incentives.
Sina Finance reported on March 31 that Inspur Power announced that the company plans to use its own funds and/or self-raised funds to repurchase some shares through centralized bidding trading, for use in employee stock ownership plans or equity incentive plans. The total amount of the repurchase funds shall not be less than 100 million yuan and not more than 200 million yuan. The repurchase price of shares shall not exceed 68.57 yuan per share. It is estimated that the number of repurchased shares will be approximately 1.4584 million shares to 2.9167 million shares, accounting for 0.14% to 0.28% of the company's current total share capital. The implementation period shall be within 45 days from the date of approval of the plan by the board of directors.
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