Event
Recodeal Chairman Proposes Share Buyback of RMB 50 Million to RMB 100 Million
1 reports · 1 sources
Recodeal announced that Chairman Wu Shijun has proposed repurchasing part of the company's shares through centralized bidding transactions, with the total buyback amount no less than RMB 50 million and no more than RMB 100 million. This is the chairman's proposal and still requires the company's review through its procedures before being finalized.
Report timeline
- Recodeal: Chairman proposes RMB 50 million to RMB 100 million share buyback
Recodeal announced that Chairman Wu Shijun has proposed repurchasing part of the company's shares through centralized bidding, with total buyback funds of no less than RMB 50 million and no more than RMB 100 million. The repurchased shares will be used at an appropriate future time for an employee stock ownership plan, equity incentives, or conversion of the company's issued convertible corporate bonds.
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