Chinese Giant Stone: Intends to repurchase no more than 40 million shares, with an expected repurchase amount not exceeding 880 million yuan.
China Stone announced that it plans to repurchase company shares through centralized bidding trading, with a quantity of no less than 30 million shares and no more than 40 million shares. The repurchase price will not exceed RMB 22 per share, with an estimated repurchase amount not exceeding 880 million yuan. The repurchased shares will be used for the company's equity incentive plan. If the equity incentive plan is not implemented, the unused portion will be cancelled in accordance with the law. The repurchase period is within 12 months from the date of approval by the shareholders' meeting of this repurchase plan, and the funds will come from the company's own funds and self-raised funds.
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