B · Normal
[China Molybdenum: Plans to repurchase A-shares for 1 billion to 2 billion yuan] On November 6, China Molybdenum (603993.SH) announced that the company plans to repurchase A-shares through centralized bidding transactions. The repurchase amount is 1 billion to 2 billion yuan. The repurchase price does not exceed 22.78 yuan/share. The repurchase period is within 3 months from the date of approval by the board of directors. The purpose of this share repurchase is to safeguard the company's value and shareholders' rights, and the source of funds is its own funds or self-raised funds. Calculated based on the upper limit of the repurchase price, the number of shares repurchased is expected to be 43.898 million to 87.796 million shares, accounting for 0.21% to 0.41% of the total share capital.
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