Inovance's top shareholder plans to buy up to 200 mln yuan in shares
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Inovance Technology (Shenzhen Inovance Technology Co., Ltd.) announced that its largest shareholder, Shenzhen Inovance Investment Co., Ltd., plans to increase its stake in the company. The buyback will be executed through centralized竞价 (competitive bidding) and block trades over the next six months. The total investment will be no less than 150 million yuan and no more than 200 million yuan. The funding will come from a combination of a special buyback loan and the shareholder's own funds. The Industrial and Commercial Bank of China (ICBC) Shenzhen Branch has committed to providing a special buyback loan of up to 400 million yuan to support the purchase.
Source report
Inovance Technology (Shenzhen) Co., Ltd. has announced that its largest shareholder, Inovance Investment, plans to increase its shareholding in the company. The buyback will be executed through centralized竞价 trading, block trading, or other means within six months from the date of the announcement.
Key Details
- Total investment amount: No less than RMB 150 million and no more than RMB 200 million
- Funding source: A combination of a special-purpose buyback loan and the shareholder's own funds
- Loan commitment: Industrial and Commercial Bank of China (ICBC) Shenzhen Branch has pledged to provide a special-purpose buyback loan of up to RMB 400 million
Source
金十数据Neutral / independent
Part of this Story
Inovance Technology’s largest shareholder plans up to 200 million yuan stake increase