B · Normal
[China Molybdenum: Obtained Special Loan Commitment Letter for Stock Repurchase of No More than RMB 1.8 Billion] On November 11, China Molybdenum (603993.SH) announced that the company had recently obtained a "Loan Commitment Letter" from the Shanghai Branch of China Merchants Bank, with a maximum loan amount of no more than RMB 1.8 billion and a loan period of 36 months, specifically for the repurchase of the company's A shares. Previously, the company's board of directors reviewed and approved the repurchase plan, and planned to repurchase A shares through centralized bidding. The total repurchase funds will be 1 billion to 2 billion yuan, and the repurchase price will not exceed 22.78 yuan/share.
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