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Montage Technology: Independent Director Suggests A-Share Buyback Plan, Valued Between RMB 300 Million and RMB 500 Million
14 hour ago /
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Author：小编
On October 18, Montage Technology made a public announcement stating that its independent director, Cheng Yuhua, has put forth a proposal to buy back A-share shares via centralized bidding transactions, utilizing the company's own capital. The proposed total buyback amount is set to be a minimum of RMB 300 million and a maximum of RMB 500 million. The repurchased shares are earmarked for employee stock ownership schemes or equity incentive programs. It's noteworthy that Cheng Yuhua neither purchased nor sold any company shares in the six-month period preceding the proposal. Furthermore, Cheng Yuhua currently does not possess any company stock and has no intentions to alter their shareholdings during the buyback phase.
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