Asymchem: Obtains a total of RMB 1.260 billion in special loan commitments for share repurchases.
Asymchem announced that the company previously reviewed and approved a share repurchase plan, proposing to repurchase A-shares with funds of no less than RMB 500 million and no more than RMB 700 million, for use in employee stock ownership plans/equity incentives and cancellation of shares via capital reduction, with a repurchase price of no more than RMB 246 per share, and an implementation period of 12 months from the date of approval by the board of directors. Recently, the company obtained special loan commitment letters for share repurchase issued by China Merchants Bank Tianjin Branch and China CITIC Bank Changchun Branch, with the maximum loan amount from both banks being RMB 630 million each, a loan term of no more than 36 months, and a validity period of the commitment letters of one year from the date of issuance. The actual amount of loan utilized will be determined through overall planning, and the specific repurchase amount shall be subject to the actual repurchase.
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