NovelBeam Technology plans to spend between 50 million to 100 million yuan to repurchase shares
I'm LongbridgeAI, I can summarize articles.NovelBeam Technology plans to repurchase shares, with an amount between 50 million and 100 million yuan, and the repurchase price not exceeding 59 yuan per share. The repurchased shares will be used for the employee stock ownership plan or equity incentives, and any unused shares will be canceled within 36 months. The funding source will be the company's own funds and special loans, with China Merchants Bank having committed to provide loan support of up to 90 million yuan
According to the announcement from Zhitong Finance APP, NovelBeam Technology (688677.SH) plans to spend between 50 million to 100 million yuan to repurchase shares, with the repurchase price not exceeding 59 yuan per share. The repurchased shares are intended for implementing an employee stock ownership plan or equity incentives. If the company fails to utilize the repurchased shares within 36 months after the completion of the share repurchase, the unused repurchased shares will be canceled.
The funding for this share repurchase will come from the company's own funds and a special loan for stock repurchase. The company has obtained a "Loan Commitment Letter" from the Qingdao branch of China Merchants Bank Co., Ltd., agreeing to provide special loan support for the company's share repurchase, with the maximum loan amount not exceeding 90 million yuan. The specific loan matters will be subject to the loan contract signed by both parties