Throw the plan, increase the amount and show confidence! On the evening of April 26, more listed companies invested in the upsurge of repurchase and increasing their holdings of “Tishi gas”.
It is planned to spend 500 million yuan to 1 billion yuan to buy back shares, and Zhejiang Longsheng Group Co.Ltd(600352) ‘s domineering action is exciting. The company said that the repurchase was based on confidence in the company’s future development prospects and recognition of its internal value. The repurchase price shall not exceed 13 yuan / share, and the repurchased shares will be used in the employee stock ownership plan or equity incentive plan.
Will such a “huge amount of money” put pressure on the company Zhejiang Longsheng Group Co.Ltd(600352) explained that the repurchase funds will be paid at the right time within the repurchase period, which has a certain flexibility. According to the calculation of the upper limit of 1 billion yuan, the repurchase funds accounted for 1.52%, 3.29% and 2.27% of the company’s total assets, net assets and current assets as of the end of last year respectively. The company “has the ability to pay the repurchase price”.
It is worth mentioning that Zhejiang Longsheng Group Co.Ltd(600352) hit a new low of 9.65 yuan / share on the 26th. As of the closing of the day, the total market value of the company was 31.52 billion yuan, which has “shrunk” by more than half compared with the peak in 2021.
The pharmaceutical circulation giant Jointown Pharmaceutical Group Co.Ltd(600998) also plans to spend 300 million yuan to 600 million yuan to buy back shares at a price of no more than 19.9 yuan / share, all for the implementation of the employee stock ownership plan by the company’s management and core backbone in the future. “The company is full of confidence in future development.” The announcement that night clarified the purpose of this repurchase, that is, to safeguard the interests of investors, enhance investor confidence, improve the company’s long-term incentive mechanism, and continue to promote the company’s transformation and upgrading to the strategy of “digitization, platform and Internet”.
On the previous day, Jointown Pharmaceutical Group Co.Ltd(600998) just released the shareholder dividend return plan from 2022 to 2024: under the condition of cash dividend, the accumulated profit distributed by the company in cash in the last three years shall not be less than 30% of the average annual distributable profit.
Ucap Cloud Information Technology Co.Ltd(688228) the latest “official announcement” repurchase plan was “shouted out” by his boss. The company announced on the 26th that it plans to repurchase shares with no less than 20 million yuan and no more than 40 million yuan, which will be used for employee equity incentive or employee stock ownership plan at an appropriate time in the future, and the repurchase price will not exceed 50 yuan / share (inclusive). As early as the 23rd, Wang Min, the actual controller and chairman of the company, proposed a repurchase to the board of directors. The reasons for the proposal include “stabilizing the company’s stock price and confidence in the future development of the industry and the company”, “effectively combining the interests of shareholders, the company and employees”.
Different from the repurchase purpose of the above companies, Chipsea Technologies (Shenzhen) Corp.Ltd(688595) plans to repurchase shares with RMB 60 million to 120 million and sell them 12 months after the disclosure of the repurchase results and the announcement of share changes. The company said frankly that the stock price of the company has fallen sharply recently, which is to safeguard the value of the company and shareholders’ rights and interests.
Interestingly, Shenzhen Yuto Packaging Technology Co.Ltd(002831) , which is implementing the repurchase plan, temporarily announced that it would increase the repurchase amount. The company announced on the 26th that the total amount of funds previously used for repurchase was adjusted from “no less than 100 million yuan and no more than 200 million yuan” to “no less than 200 million yuan and no more than 400 million yuan”, which was directly doubled! So far, the company has repurchased 6.4291 million shares in total, with a transaction price range of 23.75 yuan / share to 34.40 yuan / share, with a total transaction amount of 172 million yuan.
In addition, several companies including Yes Optoelectronics (Group) Co.Ltd(002952) , Sichuan Kelun Pharmaceutical Co.Ltd(002422) , Hichain Logistics Co.Ltd(300873) , Jiangsu Shuangxing Color Plastic New Materials Co.Ltd(002585) disclosed their repurchase plans that night, and the repurchase amount of the lowest one was more than 30 million yuan (included).
The repurchase of listed companies here is in full swing, and the increase of shareholders’ holdings there has also set off a heat wave Suzhou Jinfu Technology Co.Ltd(300128) 26 evening announced that the controlling shareholder Zhicheng investment plans to increase the company’s shares by 60 million yuan to 100 million yuan, and there is no price range for this increase. At present, the shareholding ratio of Zhicheng investment is 19.19%.
For another example, Suzhou Medicalsystem Technology Co.Ltd(603990) general manager Chen Jiansong plans to increase the company’s shares from May 5 to November 4, with an increase of 5 million to 10 million yuan. In January this year, Suzhou Medicalsystem Technology Co.Ltd(603990) just changed the ownership of Mianyang Antu through share transfer and voting right entrustment, and the actual controller of the company was changed to the people’s Government of Anzhou District, Mianyang City.
Suzhou Uigreen Micro&Nano Technologies Co.Ltd(688661) actual controller, chairman and general manager Luo Xingshun also announced on the same day that he would increase his shareholding of the company by 5 million yuan to 10 million yuan within 12 months from April 27.
