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Fudan Microelectronics Chairman Proposes RMB 50–100 Million Share Buyback
1 hour ago /
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Author：小编
Zhang Wei, Chairman and General Manager of Fudan Microelectronics, has proposed that the company repurchase its A-shares and H-shares using its own funds and/or self-raised funds for the purpose of employee shareholding and/or equity incentive plans. The total repurchase amount is proposed to be no less than RMB 50 million (inclusive) and no more than RMB 100 million (inclusive). The repurchase price would not exceed 150% of the average trading price of the stock over the 30 trading days preceding the board's approval of the repurchase plan, subject to the final repurchase plan approved by the board of directors.
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