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a-shares are good news again! listed companies are flocking to "buy back and increase holdings"

2024-09-23

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according to the data from tonghuashun, as of september 22, a total of 1,398 a-share listed companies have issued repurchase plans, compared with only 435 in the same period last year. the number of listed companies that have issued repurchase plans this year has hit a record high in the same period.
a reporter from yangtze evening news/ziniu news found that among the 1,398 listed companies that have issued repurchase plans, 661 are implementing them, 581 have been completed, and 33 have passed the shareholders' meetings.
in terms of the planned repurchase amount, 625 listed companies plan to repurchase more than 100 million yuan, 63 companies plan to repurchase more than 500 million yuan, and 27 companies plan to repurchase more than 1 billion yuan.
it is worth mentioning that many industry leading stocks have actively participated in the repurchase activities since this year.
kweichow moutai announced on the evening of september 20 that it plans to repurchase shares at a price of 3 billion to 6 billion yuan to cancel and reduce the company's registered capital, with the repurchase price not exceeding 1,795.78 yuan per share (inclusive). this repurchase plan is also the first repurchase by kweichow moutai since its listing.
in addition to kweichow moutai, tongwei co., ltd., yili co., ltd., sinopec, hengrui medicine and many other companies have announced large repurchase plans, and the overall repurchase amount is relatively high. among them, the repurchase plan released by yili co., ltd. shows that the company intends to use no less than 1 billion yuan (inclusive) and no more than 2 billion yuan (inclusive) of its own funds to repurchase the company's shares through centralized bidding transactions, and the repurchase price shall not exceed 41.88 yuan per share (inclusive). the repurchase period shall not exceed 12 months from the date when the company's shareholders' meeting deliberates and approves the repurchase plan. the repurchased shares will be used to cancel and reduce the registered capital in accordance with the law.
in addition, many major shareholders of listed companies have recently increased their holdings, and some companies plan to increase their holdings by more than 100 million yuan. for example, china communications construction design plans to increase its holdings of the company's shares within 6 months from september 10, 2024 with its own funds through the methods permitted by the shanghai stock exchange trading system. the planned increase amount is not less than 100 million yuan and not more than 200 million yuan; the planned price range for the increase is not higher than 10.5 yuan per share.
proofreading faye wong
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