Huaan Securities Co LtdChairman proposed A-share buyback of 100-200 million yuan for capital reduction to boost confidence.
In just two days, four listed brokerages have successively disclosed share buyback plans. On July 20, Zhongtai Securities and Hongta Securities each announced that their chairmen had proposed repurchasing the companies' A-shares, intended for capital reduction, with the combined maximum buyback amount reaching 300 million yuan. A day earlier, Guolian Minsheng Securities and Huaan Securities also disclosed buyback plans or chairman proposals. Zhongtai Securities Chairman Wang Hong proposed using proprietary funds to buy back shares worth 100 million to 200 million yuan, while Hongta Securities Chairman Jing Feng proposed a buyback of 50 million to 100 million yuan. Guolian Minsheng Securities plans to repurchase 100 million to 200 million yuan worth of shares, and Huaan Securities Chairman Zhang Hongtao proposed a buyback of 100 million to 200 million yuan. All four brokerages stated that the buybacks aim to safeguard company value and shareholder interests, and to bolster investor confidence.
Huaan Securities Co LtdChairman proposed A-share buyback of 100-200 million yuan for capital reduction to boost confidence.
Zhongtai Securities Co LtdChairman proposed A-share buyback of 100-200 million yuan for capital reduction to boost confidence.
Hongta Securities Co LtdChairman proposed A-share buyback of 50-100 million yuan for capital reduction to boost confidence.
Guolian Securities Co LtdPlans to repurchase 100-200 million yuan worth of shares to safeguard value and shareholder interests.