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Hygon Information Secures Commitment Letter for Special Stock Repurchase Loan of Up to RMB 720 Million
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Author：小编
Hygon Information has recently received a Letter of Loan Commitment from the Beijing Branch of China CITIC Bank, under which the bank will provide a loan of up to RMB 720 million with a term of three years, designated specifically for the repurchase of company stock. The company had previously announced plans to repurchase shares using its own funds and/or self-raised funds, with the total repurchase amount set at no less than RMB 500 million and no more than RMB 800 million, at a repurchase price not exceeding RMB 318.52 per share. The repurchased shares are intended for use in an employee stock ownership plan or equity incentive program.
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