Chairman of Daqin Railway (601006.SH) proposed to repurchase company shares worth 4 to 5 billion yuan.
Wise Wealth Finance News APP, Daqin Railway (601006.SH) issued an announcement. The chairman of the company, Lu Yong, proposed to repurchase company's shares through centralized bidding trading, and the repurchased shares will be used to reduce the company's registered capital. The total amount of funds for repurchasing shares is 400 million to 500 million yuan. The source of repurchase funds is from the company's own funds.
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