news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

source: cctv finance

[#moutai announces major good news#! #moutai's first cancellation-style repurchase since listing#] after 23 years of listing, kweichow moutai implemented cancellation repurchase for the first time. on september 20, kweichow moutai announced that the company will use its own funds, not less than rmb 3 billion (inclusive) and not more than rmb 6 billion (inclusive) to repurchase and cancel, the repurchase price cap is rmb 1,795.78 per share (inclusive), the number of repurchased shares is between 1,670,583 and 3,341,164 shares, and the number of repurchased shares accounts for 0.1330% to 0.2660% of the company's total share capital. this is another major good news announced by kweichow moutai one month after it announced its three-year cash dividend plan. regarding the purpose of this repurchase, kweichow moutai stated that it aims to safeguard the interests of the company and the majority of investors and enhance investment confidence. market analysts believe that after the share repurchase and cancellation, the company's share capital will decrease. under the condition that the current profit and dividend ratio remains unchanged, financial indicators such as earnings per share, return on net assets per share, and dividends per share will increase, which will theoretically help increase distributable earnings per share and improve investors' returns. the repurchase and cancellation implemented by kweichow moutai this time sends a signal to the outside world that moutai's development is beneficial, highlights the corporate value, marks the company's enhanced awareness of investment value, and boosts confidence in the capital market.