China Communications Construction Company: plans to repurchase shares worth 500 million to 1 billion yuan.
Notice from China Communications Construction Company: The company intends to use 500 million to 1 billion RMB to repurchase its shares, with a repurchase price not exceeding 13.58 RMB per share. The repurchased shares will be used to cancel and reduce the company's registered capital. It is estimated that the number of shares to be repurchased will be between 45.45 million and 90.91 million, accounting for 0.28% to 0.56% of the total share capital of the company. The repurchase period is within 12 months from the date of approval of the repurchase plan by the shareholders' meeting, and the source of funds is the company's own funds. The purpose of this repurchase is to protect the interests of shareholders, enhance investor confidence, and stabilize and increase the company's value.
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