Changzhou Tenglong Auto Parts (603158.SH) plans to launch the second phase of its employee stock ownership plan.
Tenglong Co., Ltd. (603158.SH) has disclosed the draft of its second employee stock ownership plan, which will involve a total of no more than 74 employees (excluding the reserved portion), with the reserved portion not exceeding 18 individuals. The total amount of funds for the stock ownership plan shall not exceed 28.0902 million yuan, with shares being the unit of subscription, each share valued at 1 yuan. The upper limit for the number of shares in this plan is 28.0902 million shares. Among these, 25.546 million shares are proposed for initial grants, and 2.5442 million shares are reserved for grants. The number of company shares to be repurchased is no more than 5.3 million shares. The price for the repurchased shares (including the reserved portion) is set at 5.30 yuan per share.
Changzhou Tenglong Auto Parts (603158.SH) disclosed the second phase of its employee stock ownership plan (draft), with a total number of participating employees not exceeding 74 (excluding the reserved portion), and the reserved portion not exceeding 18. The total amount of funds for the stock ownership plan does not exceed 28,090,200 yuan, with each unit of subscription set at "shares," where each share is valued at 1 yuan. The upper limit of shares for this plan is 28,090,200 shares. Among these, 25,546,000 shares are proposed for initial grant, with 2,544,200 shares reserved for future grants. The number of shares intended to be acquired from the companys repurchase does not exceed 5,300,000 shares. The price of the acquired shares (including the reserved portion) is set at 5.30 yuan per share.
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