BOE A: Received a specific loan of 1.8 billion RMB for stock buyback from the Beijing Branch of China Construction Bank.
BOE Group A announced that the company has recently received a "Loan Commitment Letter" from the Beijing Branch of China Construction Bank Limited, committing to provide a 1.8 billion RMB special loan for stock buyback for the company, with a loan term of 3 years. This move will provide financing support for the company's share buyback. The specific loan matters shall be subject to the relevant contract signed by both parties. The company plans to repurchase shares with a fund size not less than 1.5 billion RMB and not more than 2 billion RMB, with a repurchase price not exceeding 6.11 RMB per share.
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