LSTY plans to spend between 20 million and 40 million yuan to repurchase shares
LSTY announced plans to repurchase a portion of A shares through centralized bidding, with a total repurchase amount between 20 million yuan and 40 million yuan, and the repurchase price not exceeding 17.00 yuan per share. The sources of funds include self-owned funds, self-raised funds, and special loans for stock repurchase. A commitment has been obtained from Bank of China to provide repurchase loans not exceeding 20 million yuan, with a term not exceeding 3 years and a loan ratio not exceeding 90%
According to the Zhitong Finance APP, LSTY (002858.SZ) announced that the company plans to repurchase a portion of its ordinary shares (A shares) through centralized bidding. The repurchased shares are intended for the employee stock ownership plan or equity incentives, with a total repurchase amount not less than RMB 20 million (inclusive) and not exceeding RMB 40 million (inclusive), and the repurchase price not exceeding RMB 17.00 per share.
The funding for this repurchase will come from self-owned funds, self-raised funds, and special loans for stock repurchase. As of the date of this announcement, the company has obtained a "Loan Commitment Letter" issued by the Shanghai Minhang Branch of Bank of China Limited, committing to provide the company with a stock repurchase loan not exceeding RMB 20 million, with a term not exceeding 3 years; the loan ratio will not exceed 90%
