Ningbo Dongli's controlling shareholder plans to buy 100-200 mln yuan shares, backed by bank loan
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Ningbo Donly Co., Ltd. (002164.SZ) announced on September 23 that its controlling shareholder, Dongli Holding Group Co., Ltd., plans to increase its stake in the company over the next six months via Shenzhen Stock Exchange's centralized bidding system. The planned total investment is between 100 million yuan and 200 million yuan, with the increase not exceeding 2% of the company's total shares. No price range has been set; the shareholder will decide based on stock price movements and overall market trends. The Bank of Communications Co., Ltd. Ningbo Branch has issued a loan commitment letter to Dongli Holding, offering up to 150 million yuan in special loans for the share purchase, with a loan term of up to 36 months. The controlling shareholder cites recognition of the company's intrinsic value, confidence in its stable future growth, and a desire to protect shareholder interests and boost investor confidence.
Source report
Hong Kong, September 23 — Ningbo Dongli Co., Ltd. (002164.SZ) announced today that its controlling shareholder, Dongli Holding Group Co., Ltd. ("Dongli Holding"), plans to increase its stake in the company through open market purchases.
Key Details of the Share Buyback Plan
- Duration: Within six months from the date of this announcement
- Method: Via centralized bidding on the Shenzhen Stock Exchange trading system
- Total Investment: No less than RMB 100 million and no more than RMB 200 million
- Maximum Share Purchase: Not exceeding 2% of the company's total share capital
- Price Range: No specific price range has been set; purchases will be made based on stock price fluctuations and overall capital market conditions
Rationale
Dongli Holding stated that the buyback reflects:
- Recognition of the company's intrinsic value
- Strong confidence in the company's future stable and sustainable development
- Commitment to protecting shareholder interests and enhancing investor confidence
Bank Loan Support
The Bank of Communications Co., Ltd. Ningbo Branch has issued a Loan Commitment Letter to Dongli Holding, providing dedicated financing for the share purchase:
| Item | Detail | |------|--------| | Maximum Loan Amount | RMB 150 million | | Loan Term | No more than 36 months | | Loan Amount Determination | Based on actual circumstances |
Source
格隆汇Eastern
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Ningbo Donly controlling shareholder plans up to 200 million yuan share buyback with bank loan support