data show that since March, as of March 21, 164 A-share companies have disclosed the announcement of share repurchase. Among them, Southern Publishing And Media Co.Ltd(601900) , Shanying International Holdings Co.Ltd(600567) , China Molybdenum Co.Ltd(603993) and other listed companies plan to repurchase their shares by issuing bonds for financing Shanying International Holdings Co.Ltd(600567) the relevant person in charge said that the implementation of "bond issuance" financing repurchase is in line with laws and regulations and in response to regulatory requirements, which helps boost investors' confidence in the company
diversified repurchase methods
Since March, many listed companies have thrown out repurchase plans, and the repurchase methods tend to be diversified. , .
China Molybdenum Co.Ltd(603993) 3 announced on the evening of March 17 that it plans to publicly issue corporate bond financing plans to professional investors, with a financing scale of no more than 10 billion yuan, and some of the funds are intended to be used to buy back the company's shares.
China Securities Journal reporter found that China Molybdenum Co.Ltd(603993) since October 2020, the repurchase action has been frequent. Previously, the company has completed two phases of share repurchase plan, with a total cost of 878 million yuan. Its latest share repurchase plan was completed on December 16, 2021, with a total of nearly 100 million shares repurchased, accounting for 0.46% of the company's total share capital.
Shanying International Holdings Co.Ltd(600567) share price is lower than the net assets per share in the latest period due to the influence of macro environment, capital market and other comprehensive factors. Based on the confidence in the future development prospect of the company and the recognition of the value of the company, the company plans to repurchase shares with its own funds and corporate bonds. The total amount of funds for this repurchase is 250500 million yuan. According to the calculation of the maximum repurchase fund of 500 million yuan and the maximum repurchase price of 3.7 yuan / share, the number of shares repurchased is expected to be 135 million shares, accounting for about 2.93% of the total share capital of the company.
Shanying International Holdings Co.Ltd(600567) relevant person in charge told reporters that the implementation of bond issuance financing repurchase is in line with laws and regulations and also in response to regulatory requirements: encourage strong and qualified companies to buy back through the secondary market to boost investors' confidence in the development of the company.
Southern Publishing And Media Co.Ltd(601900) announcement shows that in order to safeguard the company's value and shareholders' rights and interests and promote the healthy and sustainable development of the company, it is planned to use its own funds and corporate bonds to raise funds to buy back the company's shares, with a total share repurchase fund of 80-160 million yuan; According to the calculation of the maximum repurchase capital of 160 million yuan and the maximum repurchase price of 12.00 yuan / share, the total number of shares repurchased is expected to be 133333 million shares, accounting for about 1.49% of the total share capital of the company.
Polaris Bay Group Co.Ltd(600155) announced that it plans to buy back the company's shares, and the total amount of funds to buy back shall not exceed 400 million yuan. The capital source of the shares to be repurchased this time is the legally raised funds such as the issuance of corporate bonds.
boost investor confidence
From the announcement of "bond issuance" repurchase of the above four companies, there are roughly three reasons for the purpose of Repurchase: first, based on confidence in the future development prospect of the company and recognition of the value of the company; Second, in order to meet the needs of the company's operation and development and reduce the financing cost; Third, to increase investor confidence.
For the specific purpose of share repurchase, Southern Publishing And Media Co.Ltd(601900) and Shanying International Holdings Co.Ltd(600567) plan to repurchase shares are used for sale China Molybdenum Co.Ltd(603993) the shares repurchased in the plan will be used to implement equity incentive and employee stock ownership plan.
Previously, China Molybdenum Co.Ltd(603993) in an institutional survey, said that a multi-level employee incentive scheme would be launched in 2022 to promote the deep binding of the company's management and core backbone with the company and consistent with the interests of investors.
Insiders said that listed companies repurchase through "bond issuance" financing in order to send a signal that their share price is undervalued.
confidence comes from performance
The confidence of listed companies to repurchase shares through "bond issuance" comes from the company's operating performance.
the China Molybdenum Co.Ltd(603993) annual report shows that the company achieved a revenue of 173863 billion yuan in 2021, a year-on-year increase of 53.89%; The net profit attributable to the parent company was 5.106 billion yuan, a year-on-year increase of 119.26%; Total revenue and net profit reached a record high.
Meanwhile, from January to February 2022, the output of China Molybdenum Co.Ltd(603993) main products copper, cobalt and niobium increased by 20%, 52% and 42% respectively year-on-year, benefiting from the year-on-year increase in the sales price of each product, the company's main business indicators were better than expected and achieved a good start of the year.
Guosen Securities Co.Ltd(002736) research report shows that China Molybdenum Co.Ltd(603993) has two high-quality copper and cobalt mines, TFM and KFM. In the future, it is expected to carry out overall planning and development of the two projects, give full play to the synergy with the existing DRC business, and have great growth potential.
Polaris Bay Group Co.Ltd(600155) the confidence in the company's future development prospects and the recognition of the company's value also come from sound operation. In 2021, the company expects to achieve a total operating revenue of 3.77 billion yuan, an increase of 16.02% over 2020, and a net profit of 972 million yuan, an increase of 47.62% over 2020. The company said that the performance changes were mainly due to the substantial growth of the company's wealth management business, fund warehouse business and interest income over the previous year.
