Hainan Airlines: The company plans to repurchase shares worth 80 million to 160 million yuan.
Hainan Airlines announced on the evening of September 15th that the company plans to use its own funds and special loan funds for stock repurchase to repurchase some of the company's publicly issued shares through centralized bidding trading, for the purpose of employee stock ownership plans or equity incentives. The amount of this repurchase is not less than 80 million yuan and not more than 160 million yuan, with a repurchase price not exceeding 13.54 yuan per share. The repurchase period is not more than 6 months from the date of the board's approval. As of the date of this announcement, the company has obtained a "Loan Commitment Letter" issued by Chongqing Branch of China CITIC Bank Co., Ltd., committing to provide the company with a stock repurchase special loan of up to 144 million yuan, with a loan term not exceeding 36 months and an annual interest rate of 1.8%.
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