Power HF Co., Ltd. (605100.SH)'s controlling shareholder proposes to repurchase company shares for RMB15 million to RMB30 million.
Power HF Co., Ltd. (605100.SH) announced that its controlling shareholder, Engineus Power Holding Inc., has proposed that the company repurchase a portion of its issued RMB ordinary shares (A shares) through the Shanghai Stock Exchange trading system via centralized competitive bidding. The repurchased shares will be used for an employee stock ownership plan or equity incentive, or to safeguard the company's value and shareholders' interests. The total funds for the share repurchase shall be no less than RMB15 million (inclusive) and no more than RMB30 million (inclusive).
Power HF Co., Ltd. (605100.SH) announced that its controlling shareholder, Engineus Power Holding Inc., has proposed that the company repurchase a portion of its issued RMB ordinary shares (A shares) through the centralized bidding trading method via the Shanghai Stock Exchange trading system. The repurchased shares will be used for an employee stock ownership plan or equity incentive, or to safeguard the company's value and shareholders' interests. The total funds for the share repurchase shall be no less than RMB15 million (inclusive) and no more than RMB30 million (inclusive).
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