B · Normal
[Guangzhou Iron and Steel Gas: Chairman proposes to repurchase shares worth 200 million to 400 million yuan] On November 4, Guangzhou Iron and Steel Gas (688548.SH) announced that the company’s chairman Deng Tao proposed that the company use its own or self-raised funds to repurchase the company’s A shares through centralized bidding transactions. The total amount of funds shall not be less than 200 million yuan and shall not exceed 400 million yuan. The repurchased shares will be used for equity incentives or employee stock ownership plans. The repurchase price shall not exceed 150% of the average stock trading price in the 30 trading days before the plan is reviewed and approved by the board of directors, and the period is within 12 months from the date of review and approval by the board of directors.
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