On March 9, Hengli Petrochemical Co.Ltd(600346) announced the report on the fourth phase of share repurchase through centralized bidding transaction. The listed company will buy back the company’s shares by centralized bidding with its own and self raised funds of no more than 1.5 billion yuan and no less than 1 billion yuan and a repurchase price of no more than 30.00 yuan / share.
If the repurchase amount of Hengli Petrochemical Co.Ltd(600346) this time does not exceed 1.5 billion yuan and the upper limit of repurchase price is 30.00 yuan / share, it is estimated that the repurchase amount of the company this time will be 50 million shares, accounting for about 0.71% of the total share capital. According to the plan, all the shares repurchased this time will be used for the employee stock ownership plan.
Hengli Petrochemical Co.Ltd(600346) previously disclosed employee stock ownership plan? It shows that the company’s shareholding plan covers senior executives and ordinary employees who have worked in the company for more than 1 year. The wide range of employee participation has effectively mobilized the work enthusiasm and creativity of the managers and core backbone personnel of the listed company, and fully realized the common concern of shareholders, management and all employees for the long-term development of the company.
It is reported that Hengli Petrochemical Co.Ltd(600346) once again launched the fourth phase of large-scale stock repurchase plan, which is mainly based on the stable operating performance of the company and the continuous growth expectation under the commissioning of new material projects in the future. The company has firm confidence in the future development prospects and fully recognizes the value of its long-term growth.
Previously, Hengli Petrochemical Co.Ltd(600346) just completed the implementation of the third phase of repurchase plan. On February 14 this year, Hengli Petrochemical Co.Ltd(600346) started the first purchase of the third repurchase and completed all the repurchase on February 17. According to the information disclosed at that time, Hengli Petrochemical Co.Ltd(600346) in the third repurchase, it repurchased 38.69 million shares of the company through the secondary market, accounting for 0.55% of the total share capital of the company. The average repurchase price was 25.84 yuan / share, and the total amount of funds actually used was 1 billion yuan, reaching the upper limit of the repurchase amount.
As a leading enterprise in the chemical industry, Hengli Petrochemical Co.Ltd(600346) has always been based on the main industry, adhered to the industry, started from the polyester fiber industry, solved the “neck” industry bottlenecks one by one, continued to develop the fiber, film, plastic and other new chemical material industries, and made strong progress towards the upstream petrochemical, refining and coal chemical integration platform, Then it has a systematic industrial pattern of “big chemical platform” and “new material extension”.
In the future, Hengli Petrochemical Co.Ltd(600346) relying on the upstream platform and downstream accumulation, is expected to continue to make efforts in the field of new chemical materials business and accelerate to become the world’s leading platform type R & D and manufacturing enterprise of new chemical materials. (Chen Zhiqiang)
