Jiangsu Lopal Tech to Cancel Repurchased Shares and Cut Registered Capital
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Jiangsu Lopal Tech Co. Ltd. plans to cancel 2,082,400 repurchased shares and reduce its registered capital, following board approval on March 17, 2026, pending shareholder consent. This decision, framed as a regulatory compliance measure, aims to enhance long-term value and investor confidence by tightening the share base. The shares were repurchased in March 2023 for approximately RMB50.27 million. Jiangsu Lopal Tech operates in the chemicals and technology sector and is listed in Hong Kong and Shanghai.
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