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Tianfu Communication: Controlling Shareholder Suggests a Share Buyback Plan Worth RMB 100–150 Million
3 day ago /
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Author：小编
Tianfu Communication (300394.SZ) has disclosed that its primary shareholder, Tianfu Renhe, has put forward a proposal for the company to repurchase its A-share shares via centralized bidding transactions, utilizing either the company's own funds or those raised externally. The proposed repurchase amount ranges from RMB 100 million to RMB 150 million, with a cap on the repurchase price set at no more than RMB 350 per share. Following the repurchase, all acquired shares will be retired, leading to a reduction in the company's registered capital. It is anticipated that the buyback initiative will be finalized within a six-month timeframe, pending approval from the shareholders' meeting.
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