Bocom New Materials announced that the company plans to use its own funds or self-raised funds to repurchase some A-shares through centralized bidding. The total repurchase amount will be no less than 100 million yuan and no more than 200 million yuan, with a repurchase price not exceeding 122.69 yuan per share. All repurchased shares will be cancelled, reducing the registered capital accordingly. Based on the upper limit of the repurchase price, with the maximum repurchase amount of 200 million yuan, the estimated number of shares to be repurchased is about 1.63 million shares, accounting for approximately 0.40 percent of the company's current total share capital. With the minimum repurchase amount of 100 million yuan, the estimated number of shares to be repurchased is about 815,100 shares, accounting for approximately 0.20 percent of the company's current total share capital. The repurchase period is within 12 months from the date the company's shareholders' meeting approves the repurchase plan. The company stated that this repurchase is based on confidence in its future development prospects and recognition of the company's value, aiming to safeguard the interests of investors and enhance investor confidence.
Poco Holding Co LtdCompany announces share buyback and cancellation plan, signaling confidence and supporting stock price.