B · Normal
[Kaffa Technology: Plans to repurchase shares for 300 million to 500 million yuan for cancellation] On October 26, Kingfa Technology (600143.SH) announced that the company plans to use its own funds and self-raised funds to repurchase shares through centralized bidding transactions. The repurchase amount shall not be less than 300 million yuan and not exceed 500 million yuan. The repurchase price shall not exceed 19.57 yuan/share. The repurchased shares will all be used for cancellation and reduction of registered capital. The company has obtained a loan commitment letter from the Guangzhou Branch of the Industrial and Commercial Bank of China and received special loan support for stock repurchase of no more than 450 million yuan and no more than 90% of the repurchase amount.
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