Ronshin Group plans to repurchase shares for 20 million to 22 million yuan
I'm LongbridgeAI, I can summarize articles.Ronshin Group plans to repurchase shares, with an amount between 20 million and 22 million yuan, and the repurchase price not exceeding 37.00 yuan per share. The funding sources include self-owned funds and a special repurchase loan, the latter provided by Huaxia Bank, amounting to 15 million yuan, accounting for 68.18% of the total repurchase cap
According to the Zhitong Finance APP, Ronshin Group (301231.SZ) announced that the company plans to use its own funds and special loan funds for share repurchase through centralized bidding transactions, for the purpose of employee stock ownership plans or equity incentives. The total amount of funds for this repurchase will not be less than RMB 20 million (inclusive) and not exceed RMB 22 million (inclusive), with a repurchase price not exceeding RMB 37.00 per share (inclusive).
The source of funds for this share repurchase will be the company's own funds and special loan funds for repurchase. The company has obtained a "Loan Commitment Letter" from the Xi'an Branch of Huaxia Bank Co., Ltd., with the amount of the special loan for stock repurchase being RMB 15 million, accounting for 68.18% of the upper limit of the total funds for this repurchase