Aluminum Corp of China LtdControlling shareholder plans to increase holdings by 1-2 billion yuan.
From July 15 to 20, the A-share market saw a dense wave of buyback and shareholding increase disclosures, with the combined cap on new buyback and shareholding increase plans on the Shanghai and Shenzhen exchanges exceeding 15.7 billion yuan. Central enterprises took the lead, with Aluminum Corporation of China's controlling shareholder planning to increase holdings by no less than 1 billion yuan and no more than 2 billion yuan. CRRC Corporation and China Coal Energy also disclosed shareholding increase plans. The chairman of NARI Technology proposed a buyback of 500 million to 1 billion yuan, and Sinopec updated its buyback progress. Earlier, China Reform Holdings had already used over 50 billion yuan in special re-lending and supporting funds, and China Chengtong Holdings Group had cumulatively purchased nearly 10 billion yuan in domestic stock assets. The wave spread across all sectors on the Shanghai and Shenzhen exchanges. Hengrui Medicine cumulatively paid 853 million yuan for buybacks, Lingyi iTech raised its total buyback funds to between 400 million and 800 million yuan, and three brokerages including Huaan Securities had a combined buyback cap of 700 million yuan. This round of buyback and shareholding increase wave features an increase in buyback cancellations, continued force from special loan tools, and diversification of shareholding increase entities. Analysts believe this is expected to inject positive factors into the market.
Aluminum Corp of China LtdControlling shareholder plans to increase holdings by 1-2 billion yuan.
CRRC Corp Ltd Class ADisclosed shareholding increase plan as part of the wave.
China Coal Energy Co LtdDisclosed shareholding increase plan as part of the wave.
Lingyi iTech Guangdong CoRaised total buyback funds to between 400 million and 800 million yuan.
NARI Technology Co LtdNARI Technology's chairman proposed a buyback of 500 million to 1 billion yuan, a significant capital allocation plan.
Jiangsu Hengrui Medicine Co LtdHengrui Medicine cumulatively paid 853 million yuan for buybacks, a direct capital return action.
Huaan Securities Co LtdHuaan Securities is one of three brokerages with a combined buyback cap of 700 million yuan, indicating capital return.
China Petroleum & Chemical Corp Class ASinopec (China Petroleum & Chemical Corp) updated its buyback progress, indicating ongoing capital return to shareholders.
Guangzhou KDT Machinery Co Ltd
Sinolink Securities Co LtdCumulatively purchased nearly 10 billion yuan in domestic stock assets.