AVICHM Chairman Ran Xing proposed to spend 200 million to 400 million yuan to repurchase shares
I'm LongbridgeAI, I can summarize articles.According to the Zhitong Finance APP, AVICHM announced that the company's chairman, Ran Xing, proposed to repurchase a portion of the company's shares through centralized bidding. The repurchased shares will be used to reduce registered capital and optimize the company's capital structure. The total amount of funds for the repurchase is between RMB 200 million and 400 million, and the upper limit of the repurchase price shall not exceed 150% of the average trading price of the company's stock over the 30 trading days prior to the board's resolution approving the share repurchase plan
According to the Zhitong Finance APP, AVICHM (600765.SH) announced that the company's chairman, Ran Xing, proposed to repurchase a portion of the company's shares through centralized bidding. The repurchased shares will be used to reduce registered capital and optimize the company's capital structure. The total amount of funds for the repurchase will be between RMB 200 million and 400 million, and the repurchase price ceiling will not exceed 150% of the average trading price of the company's stock over the 30 trading days prior to the board's resolution approving the share repurchase plan