China Solar Energy Limited has announced a limited share buyback plan, as detailed in their announcement letter. The company is executing this buyback plan in response to the current market conditions.
As of May 27, 2025, the company will buy back shares through the Shanghai Stock Exchange. The stock code is 000591 and is often referred to as Solar Energy. The buyback is part of the company’s strategy to enhance shareholder value.
The following are key details regarding the share buyback:
- Buyback Purpose: The primary goal of the buyback is to support the share price and return value to shareholders.
- Investment Limits: The maximum amount allocated for the buyback will not exceed 2 billion CNY, with a set price limit of 6.69 CNY per share.
- Volume Restrictions: The buyback quantity is capped at 1 billion shares, ensuring that the company can manage its cash flow effectively.
- Buyback Method: The buyback will be conducted through a centralized bidding process on the stock exchange.
- Duration: The buyback period will last for 12 months from the start date.
- Implementation: The company will utilize its own funds to finance the buyback and will ensure compliance with all regulatory requirements.
- Regulatory Compliance: The buyback plan adheres to the guidelines set forth by the China Securities Regulatory Commission.
The execution of this buyback demonstrates the company’s commitment to maintaining shareholder confidence and stabilizing the stock price amid fluctuating market conditions. The management team believes that the buyback will provide a significant boost to shareholder value.
Investors are encouraged to monitor updates related to this buyback program through the Shanghai Stock Exchange announcements and other official communications.
For more information, please refer to the official website.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/limited-buyback-plan-announced-for-zhongjin-solar-energy-fund/
