BYD shares (01211) plans to spend 400 million yuan to buy back no less than 1.4815 million shares

Zhitong Finance ·  Apr 19 08:32

According to the Zhitong Finance App, BYD Co., Ltd. (01211) issued an announcement. Under the condition that the repurchase price of shares does not exceed RMB 270 yuan/share, the estimated number of shares repurchased is not less than RMB 1,481,500, accounting for about 0.05% of the company's total issued share capital, based on the estimated repurchase amount of RMB 400 million.

Based on confidence in the future development of the new energy industry and the company's future development under the country's “double carbon” goal, and recognition of the company's value, in order to protect the interests of all shareholders of the company, enhance investor confidence, stabilize and enhance the company's value, the company plans to implement share repurchases to cancel the registered capital. The repurchase of shares fully takes into account the company's operations, finance, R&D, debt fulfillment capacity and future development. The company's management believes that the repurchase of shares will not have a significant adverse impact on the company's operations, finance, R&D, debt fulfillment ability and future development.

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