Nanjing ShengHang Shipping Co., Ltd. announces an Equity Buyback for CNY 60 million worth of its shares.
February 05, 2024 at 04:00 pm
Nanjing ShengHang Shipping Co., Ltd. (SZSE:001205) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The repurchase price will not more than CNY 23.91 per Share. The repurchased shares will be used for ESOP or equity incentives. The repurchase period will be not more than 6 months.
On May 28, 2024, the company announced that it adjusted the upper limit of the repurchase price of shares from CNY 23.91 per share to CNY 23.79 per share. The effective date for adjustment of the upper limit of the share repurchase price is June 4, 2024.