Shandong Road & Bridge's controlling shareholder plans to buy shares worth 450M-900M yuan
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Shandong Road & Bridge Co., Ltd. (000498.SZ) announced on September 23 that its controlling shareholder, Shandong Hi-Speed Group, along with its concert party Shandong Hi-Speed Investment Holdings, plans to increase their holdings in the company's shares. The total amount of the planned share purchase is between 450 million yuan and 900 million yuan, to be executed within six months from the date of the announcement. The funds will come from special loans and/or the parties' own funds, and the purchases will be made through centralized竞价 (auction) trading. Specifically, Shandong Hi-Speed Group will contribute between 300 million yuan and 600 million yuan, while Shandong Hi-Speed Investment Holdings will contribute between 150 million yuan and 300 million yuan. The share purchase plan does not set a price range.
Source report
Date: September 23
Source: Cailianshe
Shandong Road & Bridge Co., Ltd. (000498.SZ) announced that its controlling shareholder, Shandong Hi-Speed Group, along with its concert party, Shandong Hi-Speed Investment Holding, plans to increase their shareholding in the company.
Key details of the buyback plan:
- Total investment range: No less than 450 million yuan and no more than 900 million yuan
- Method: Open market purchases through centralized竞价 trading
- Funding sources: Special loans and/or自有 funds
- Timeline: Within six months from the date of the announcement
- Price range: No price limit has been set for the share purchases
Breakdown of the buyback by entity:
- Shandong Hi-Speed Group: Will invest no less than 300 million yuan and no more than 600 million yuan
- Shandong Hi-Speed Investment Holding: Will invest no less than 150 million yuan and no more than 300 million yuan
Source
财联社Eastern
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Shandong Road & Bridge controlling shareholders plan up to 900 million yuan share buyback