The chairman of the board of directors of Huafa Co., Ltd. (600325.SH) proposed that the company spend 300 million yuan to 600 million yuan to buy back shares

Zhitongcaijing · 10/18 10:49

Zhitong Finance App News, Huafa Co., Ltd. (600325.SH) issued an announcement. On October 18, 2024, the board of directors of the company received the “Letter on Proposing Zhuhai Huafa Industrial Co., Ltd. to repurchase the company's shares” from Mr. Li Guangning, Chairman of the Board of Directors of the Company. Mr. Li Guangning proposed that the company buy back some of the RMB common shares (A shares) already issued by the company through centralized bidding transactions through the Shanghai Stock Exchange trading system. The total capital for repurchased shares is not less than 300 million yuan, not more than 600 million yuan. The repurchased shares are intended to be used for employee stock ownership plans or equity incentives.