On the evening of March 8, about 40 listed companies in Shanghai and Shenzhen disclosed the announcement of repurchase plan and repurchase progress, and a number of listed companies disclosed the announcement of increasing shareholding of shareholders or executives. Among them, 21 companies in Shanghai stock market alone submitted announcements related to share increase and repurchase, including large and medium-sized companies such as Qi An Xin Technology Group Inc(688561) , Haier Smart Home Co.Ltd(600690) , Zhejiang Chint Electrics Co.Ltd(601877) , 360 Security Technology Inc(601360) . Some market participants believe that this is industrial capital to inject confidence into the A-share market with real gold and silver.
technology companies actively repurchase shares
According to the announcement, most of the repurchase plans disclosed on the evening of March 8 are high-quality technology companies.
First, let’s look at Qi An Xin Technology Group Inc(688561) , the company plans to use its own funds of 150 million yuan to 300 million yuan to repurchase shares, and the repurchase price shall not exceed 80 yuan / share Qi An Xin Technology Group Inc(688561) said that the share repurchase showed that the board of directors agreed that the development potential and share price of the company were seriously underestimated, and fully expressed their long-term confidence in the company’s strategic direction and business prospects.
Looking at Beijing Bdstar Navigation Co.Ltd(002151) , the company plans to invest 150 million yuan to 200 million yuan to buy back shares at a price of no more than 50 yuan / share. The closing price of the company’s shares on March 8 was 34.02 yuan / share.
360 Security Technology Inc(601360) chose to accelerate the implementation of the previous repurchase plan. In order to show confidence in the future development, 360 Security Technology Inc(601360) 8 disclosed the announcement on the implementation arrangement of the repurchase plan on the evening of March 9. The company plans to repurchase shares by means of centralized bidding within three trading days from March 9 to 11, with a total repurchase amount of no less than 90 million yuan and no more than 120 million yuan. The company said that the subsequent repurchase will continue to be implemented according to the previous repurchase plan.
Similar to 360 Security Technology Inc(601360) situation, Zhejiang Chint Electrics Co.Ltd(601877) , the company plans to repurchase the company’s shares in the form of centralized bidding transaction from March 9 to 11, with a total repurchase amount of no less than 50 million yuan and no more than 100 million yuan. In retrospect, Zhejiang Chint Electrics Co.Ltd(601877) in November 2021 disclosed a repurchase plan with a repurchase price of no more than 82.08 yuan / share and a total repurchase amount of no less than 1 billion yuan and no more than 2 billion yuan. As of February 28 this year, the company has repurchased 18794500 shares, at a cost of about 940 million yuan.
On the evening of March 8, Hangzhou Mdk Opto Electronic Corporation Limited(688079) Hangzhou Mdk Opto Electronic Corporation Limited(688079) announced that the company plans to buy back the company’s shares with 20 million yuan to 40 million yuan, and the repurchase price will not exceed 21 yuan / share. The repurchase will be used to implement equity incentive. The closing price of the company’s shares on the 8th was 13.26 yuan.
According to statistics, on March 8, 12 listed companies in Shanghai Stock Market issued an announcement on the progress of share repurchase, and two companies promised to continue to repurchase within three days.
several companies have been increased by important shareholders
In addition to the company’s active repurchase, some companies also disclosed the shareholding increase plans of controlling shareholders or senior executives.
it was announced on the evening of 6 Rongfeng Holding Group Co.Ltd(000668) that Yutong group, the controlling shareholder of the company, and its persons acting in concert planned to increase the shares of the company with their own funds within 6 months from March 8, 2022, with a cumulative increase of no less than 100 million yuan and no more than 200 million yuan. According to the announcement, Yutong group has increased its holdings of 2226800 shares by means of centralized bidding trading on March 8, at a cost of nearly 20 million yuan.
Haier Smart Home Co.Ltd(600690) disclosed the plan to increase its holdings. It has increased its holdings by 145 million yuan on the 8th and will continue to increase its holdings by 200 million yuan to 350 million yuan in the next six months.
Zhejiang Hangmin Co.Ltd(600987) disclosure announcement: Hangmin group, the controlling shareholder of the company, plans to increase its stake in Zhejiang Hangmin Co.Ltd(600987) with its own funds within 6 months. The number of shares increased (including 1 million shares increased on March 8) shall not be less than 10 million shares and not more than 15 million shares, and the proportion of shares increased shall not be less than 0.95% of the issued shares of the company and not more than 1.43% of the issued shares of the company.
In addition, Ding Shizhe, the shareholder of Betta Pharmaceuticals Co.Ltd(300558) , increased his holdings of about 540000 shares of the company through contractual private placement fund on March 8, with an average transaction price of about 55.13 yuan / share, and will continue to increase his holdings in the future.
The company’s executives choose to increase their holdings On the evening of Zhejiang Dingli Machinery Co.Ltd(603338) 8, it was announced that the company received a notice from Liang Jin, Secretary of the board of directors, that it planned to increase its holdings of the company’s shares by no less than 8 million yuan and no more than 10 million yuan. Before the implementation of this shareholding increase plan, Liang Jin did not hold shares in the company.
