Conch Cement (00914) announced that in order to protect the company's value and shareholders' rights and promote the company's healthy and sustainable development, based on...
According to the Zhitong Finance App, Conch Cement (00914) announced that in order to protect the company's value and shareholders' rights and promote the company's healthy and sustainable development, it plans to use its own capital to repurchase the company's A shares based on confidence in the company's future development prospects and recognition of the company's stock value, taking into account the company's operating conditions, financial conditions and development strategy. The total capital of this repurchase is not less than RMB 400 million (inclusive) and no more than RMB 600 million (inclusive). The repurchase price is not more than RMB 32.30 per share (inclusive).
According to the estimate of the minimum repurchase amount of RMB 400 million and the maximum repurchase price of RMB 32.30 per share, the number of repurchases was about 12.3839 million shares, accounting for 0.23% of the company's total share capital as of the date of this announcement; based on the current repurchase amount of RMB 600 million and the maximum repurchase price of RMB 32.30 per share, the number of repurchases was about 185.758 million shares, accounting for 0.35% of the company's total share capital as of the date of this announcement.