Ziel Home Furnishing Technology plans to spend 50 million to 100 million yuan for a buyback, with a buyback price not exceeding 28 yuan per share
I'm LongbridgeAI, I can summarize articles.Ziel Home Furnishing Technology plans to repurchase a portion of its publicly held shares, with the repurchase amount between 50 million yuan and 100 million yuan, and the repurchase price not exceeding 28 yuan per share. The repurchase will be used for employee stock ownership or equity incentive plans, with an implementation period of within 12 months. The company has obtained a loan commitment from Industrial and Commercial Bank of China, with an amount not exceeding 90 million yuan and a term of 3 years
According to the Zhitong Finance APP, Ziel Home Furnishing Technology (301376.SZ) announced that the company plans to use its own funds and bank special loans for repurchasing shares through centralized bidding transactions to implement an employee stock ownership plan or equity incentive plan. The total amount for the repurchase will not be less than 50 million yuan (inclusive) and not exceed 100 million yuan (inclusive). The price for the repurchased shares will not exceed 28 yuan per share (inclusive). The implementation period for this repurchase plan is within 12 months from the date the board of directors approves the repurchase plan.
On February 7, 2025, the company obtained a "Loan Commitment Letter" issued by the Henan Branch of Industrial and Commercial Bank of China Limited, agreeing to provide the company with a special loan for the repurchase of listed company shares, with an amount not exceeding 90 million yuan and a term of 3 years