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Shanghai Laisi: plans to buy back shares for 250 million to 500 million yuan
Jinshi Data, February 17th news, Shanghai Lai Shi announced that the company plans to use its own or self-raised funds to repurchase part of the RMB common stock (A shares) issued by the company from the Secondary Market through centralized Bidding transactions. The total amount of funds for this buyback is not less than RMB 250 million (inclusive) and not more than RMB 500 million (inclusive), with a buyback price not exceeding RMB 9.55 per share (including RMB 9.55 per share). The estimated number of repurchased shares is approximately 26.17 million to 52.35 million shares, accounting for 0.39% to 0.79% of the company’s total share capital. The repurchased shares will be used for implementing employee stock ownership plans or equity incentives.