Matrix Technology: Receives a commitment for a special loan for stock repurchase from banks of up to 144 million yuan.
Juzi Technology announced that on July 20, the company plans to repurchase shares with its own and self-raised funds amounting to 80 million to 160 million yuan, at a price not exceeding 29.9 yuan per share, for the purpose of maintaining the company's value and shareholder rights, with a duration of 3 months. The company has now received a "Loan Commitment Letter" from CITIC Bank Shanghai Branch, in which the bank promises to provide a maximum of 144 million yuan for a special stock repurchase loan with a term not exceeding 2 years, subject to the loan contract.
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