MONTAGE TECH: Chairman Proposes Repurchase of A Shares Involving Up to RMB600M
I'm LongbridgeAI, I can summarize articles.Montage Techannounced that Chairman Yang Chonghe proposed a share repurchase plan for the company's A shares. The company intends to use its own funds to buy back A shares via centralized bidding on the Shanghai Stock Exchange, with a total investment ranging from RMB300 million to RMB600 million. The repurchase price will not exceed 150% of the average trading price over the preceding 30 days. Details are subject to board approval.
MONTAGE TECH (06809.HK) -11.200 (-4.020%) Short selling $325.84M; Ratio 10.903% announced that the board received yesterday (16th) a letter from Chairman and CEO Yang Chonghe regarding a proposal for Montage Technology Co., Ltd. to repurchase the company's A shares. Yang proposed that the company use its own funds to repurchase the A shares of LQKJ (688008.SH) -14.030 (-6.645%) through centralized bidding transactions via the trading system of the Shanghai Stock Exchange.
The total amount of funds proposed for the share repurchase will range from RMB300 million to RMB600 million. The repurchase price will not exceed 150% of the average trading price of the company's A shares over the 30 trading days prior to the board's approval of the repurchase resolution. Details will be subject to the share repurchase plan approved by the board.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-16 16:25.) (A Shares quote is delayed for at least 15 mins.)