B · Normal
[Philippines: Chairman proposes to repurchase 50 million to 100 million yuan of shares] On November 4th, Philihua (300395.SZ) announced that the company's chairman Shang Chunli proposed that the company use its own or self-raised funds to repurchase some A shares through centralized bidding transactions. The total repurchase funds shall not be less than 50 million yuan and not exceed 100 million yuan. The repurchased shares will be used for equity incentives or employee stock ownership plans. The proposer, Shang Chunli, had reduced his holdings of 580,000 shares of the company within six months before the proposal.
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