Tongling Nonferrous Metals Group Co.,Ltd. (SZSE:000630) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of its common stock. The shares will be repurchase at a price of CNY 4.60 per share. The repurchased shares will be used to convert corporate bonds issued by listed companies that can be converted into shares. The company will use its own funds to repurchase the company's shares through centralized bidding transactions. The program will be valid for 12 months from the date on which the company's shareholders' meeting is approved.
On June 16, 2025, the company announced that it has adjusted its repurchase price from CNY 4.6 per share to CNY 4.5 per share. The adjustment will be effective from June 23, 2025.
Tongling Nonferrous Metals Group Co., Ltd. specializes in the production and transformation of non-ferrous metals. The products include copper cathode, bands, stems and copper anodes, gold and silver ingots, etc. Besides, the group manufactures chemical products (sulfuric acid, vitriol, silver nitrate, propylene glycol, etc.).
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