Leju Finance Zhang LinxiaOn February 18, Wolong Real Estate (600173SH) issued a repurchase report on promoting the company's "quality and efficiency improvement and return on return" and repurchasing the company's shares through centralized auction transactions.
It is reported that Wolong Resources Group Co., Ltd. (hereinafter referred to as "the company") practices the "investor-oriented" development concept of listed companies, in order to maintain the company's value and the rights and interests of investors, and promote the sustainable and healthy development of the company, based on the company's confidence in the company's future development prospects and the recognition of the company's value, the company will take measures to effectively "improve quality, efficiency and return", and establish a good market image of the company. Taking into account factors such as the current operating situation, financial situation, and future profitability, the Company will use its own funds to repurchase some of the Company's issued RMB ordinary shares (A shares)** hereinafter referred to as the "Repurchase") in a centralized bidding transaction.
It is also reported that the total amount of funds repurchased this time shall not be less than RMB 30 million (inclusive) and not more than RMB 50 million (inclusive); The repurchase period shall not exceed 6 months from the date of the approval of the share repurchase plan by the board of directors of the company; Repurchase** does not exceed RMB652 yuan shares (including the number of shares), which is not higher than 150% of the average trading price of the company in the 30 trading days before the board of directors passed the resolution to repurchase shares; The repurchase funds are from the company's own funds.
Related companies: Wolong Real Estate SH600173, Longdi.