Summary by Moomoo AI
GUANGCAR GROUP (SHARE NUMBER: 2238) ANNOUNCED ON 28 MARCH 2024 THAT IT PLANS TO REPURCHASE A SHARES AND H SHARES USING ITS OWN FUNDS THROUGH A CENTRALIZED BIDDING PROCESS. The repurchase program aims to optimize the capital structure, establish investor return mechanisms, enhance the company's investment value and enhance investor confidence. The total amount of Repurchase of A Shares shall not be less than RMB 1 billion and shall not exceed RMB 2 billion, and the total amount of Repurchase of H Shares shall not be less than RMB 4 billion and shall not exceed RMB 8 billion. The repurchase period shall not exceed 12 months for the A share and H shares shall expire on the date of the next Annual General Meeting. The maximum repurchase...Show More