News summary
*ST Longyu issued an announcementbingoblaze, plans to repurchase ordinary shares of no more than 100 million yuan with its own fundsbingoblaze, aims to safeguard the company's value and shareholder rights, and plans to cancel the repurchase shares to reduce registered capital.
Newsletter text
[*ST Longyu shareholders urge share repurchase through bidding] Shanghai Longyu Holdings Co., Ltd., as the controlling party of *ST Longyu, proposed to repurchase shares with its own funds. The purpose of this move is to safeguard the company's value and shareholder rights, and plans to cancel the repurchased shares to reduce the company's registered capital.
The amount involved in this repurchase strategy starts from 50 million yuan and can reach a maximum of 100 million yuan.
