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Siyuan Electric Announces Plan to Repurchase Shares Worth Between 300-500 Million Yuan for Cancellation, Aiming to Reduce Registered Capital
2025-05-17 /
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Author：小编
On May 16, Siyuan Electric publicly announced its intention to utilize its own funds to repurchase a segment of its publicly traded A-shares with the objective of canceling them, thereby reducing the company's registered capital. The total budget allocated for this repurchase initiative will fall within the range of 300 million to 500 million yuan, with a stipulated maximum repurchase price of 109.45 yuan per share. It is anticipated that the number of shares repurchased will amount to approximately 2.74 to 4.57 million shares, representing roughly 0.35% to 0.58% of the company's overall share capital.
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