BSCTECH's actual controller and chairman proposed to spend 30 million to 60 million yuan to repurchase shares
I'm LongbridgeAI, I can summarize articles.BSCTECH Chairman Xu Sitong proposed to repurchase the company's shares, with the repurchase amount between 30 million yuan and 60 million yuan. The repurchase method will be centralized bidding, and the repurchased shares will be used to implement the employee stock ownership plan
According to the announcement from Zhitong Finance APP, BSCTECH (300951.SZ) stated that the company's board of directors recently received a letter from the actual controller and chairman Xu Sitong regarding the proposal for Shenzhen BSCTECH Co., Ltd. to repurchase its shares. Xu Sitong proposed that the company use its own funds to repurchase a portion of the issued ordinary shares (A shares) through the trading system of the Shenzhen Stock Exchange via centralized bidding. The total amount for the repurchase shall not exceed RMB 60 million (inclusive) and not be less than RMB 30 million (inclusive). The repurchased shares shall not exceed 150% of the average trading price of the company's shares in the thirty trading days prior to the board's resolution on the share repurchase, and the repurchased shares will be used to implement the employee stock ownership plan