SINOPEC CORP plans to spend 500 million to 1 billion yuan to repurchase A-shares
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According to the Zhitong Finance APP, Sinopec Corp. announced that in order to maintain the company's value and protect shareholders' rights, the company plans to use no less than RMB 500 million and no more than RMB 1 billion of its own funds and repurchase special loans to repurchase the RMB ordinary shares (A shares) issued by the company through the centralized bidding trading method in the Shanghai Stock Exchange system, with a repurchase price ceiling not exceeding RMB 8.72 per share (including RMB 8.72 per share)
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