Source of this article: Times Weekly Author: Han Mei
Recently, Gree Electric has received a number of good news, including the cancellation of shares and the good development of Yinlong New Energy Co., Ltd. (hereinafter referred to as “Yinlong New Energy”).
On September 29, Gree Electric’s second extraordinary general meeting of shareholders in 2021 (hereinafter referred to as the “extraordinary general meeting”) passed the proposal to change the purpose of the second phase of Gree Electric’s repurchased shares to cancellation.
Source: Visual China
Just the night before the extraordinary general meeting of shareholders, Gree Electric issued an announcement stating that the third-phase repurchase shares originally planned to be used for employee stock ownership plans or equity incentives were also proposed to be used. 70% of the third-phase repurchase shares were planned to be changed. Log out.
Generally speaking, repurchasing and canceling shares is conducive to increasing earnings per share and stabilizing stock prices. The market gave positive feedback on this. On September 29, Gree Electric rose 3.12% to close at 39.3 yuan per share.
In a recent speech, Dong Mingzhu, chairman and president of Gree Electric, also gave a more detailed answer to the holding of Yinlong New Energy. On September 29, Dong Mingzhu stated in the media that Gree will focus on promoting the development of energy storage business. At present, Yinlong new energy energy storage equipment is in short supply. Gree Electric is a listed company that is very responsible to its shareholders and also to its employees.
Gree Electric will cancel 300 million shares
Gree Electric made a lot of moves to repurchase shares and stabilize its stock price during the year.
Since the beginning of this year, Gree Electric has completed the third phase of the share repurchase plan. Among them, 108 million shares were repurchased in the first phase, with a total investment of 6 billion yuan, which was completed in February this year. The second phase of the repurchase of 101 million shares, with a total turnover of 6 billion yuan, was completed in May this year. The third phase of the repurchase of 316 million shares, with a total turnover of 15 billion yuan, was completed in September this year.
According to the original plan, the above three share repurchases were used for employee stock ownership plans or equity incentives. Subsequently, Gree Electric announced that the second phase of the repurchase shares and part of the third phase of the repurchase shares will be used to change the use of cancellation and reduction of registered capital.
Among them, a total of 101 million shares repurchased in the second phase, 70% of the shares repurchased in the third phase, or 221 million shares, will be cancelled. The cancellation of the shares repurchased in the second phase has been approved by the general meeting of shareholders. According to the analysis, if the above-mentioned share cancellation matters go ahead smoothly, the above two batches of shares will have a total of 322 million shares to be cancelled, at a cost of 16.5 billion yuan, and Gree Electric’s total share capital will be reduced from 6.016 billion shares to 5.693 billion shares.
Source of this article: Times Weekly Author: Han Mei
Recently, Gree Electric has received a number of good news, including the cancellation of shares and the good development of Yinlong New Energy Co., Ltd. (hereinafter referred to as “Yinlong New Energy”).
On September 29, Gree Electric’s second extraordinary general meeting of shareholders in 2021 (hereinafter referred to as the “extraordinary general meeting”) passed the proposal to change the purpose of the second phase of Gree Electric’s repurchased shares to cancellation.
Source: Visual China
Just the night before the extraordinary general meeting of shareholders, Gree Electric issued an announcement stating that the third-phase repurchase shares originally planned to be used for employee stock ownership plans or equity incentives were also proposed to be used. 70% of the third-phase repurchase shares were planned to be changed. Log out.
Generally speaking, repurchasing and canceling shares is conducive to increasing earnings per share and stabilizing stock prices. The market gave positive feedback on this. On September 29, Gree Electric rose 3.12% to close at 39.3 yuan per share.
In a recent speech, Dong Mingzhu, chairman and president of Gree Electric, also gave a more detailed answer to the holding of Yinlong New Energy. On September 29, Dong Mingzhu stated in the media that Gree will focus on promoting the development of energy storage business. At present, Yinlong new energy energy storage equipment is in short supply. Gree Electric is a listed company that is very responsible to its shareholders and also to its employees.
Gree Electric will cancel 300 million shares
Gree Electric made a lot of moves to repurchase shares and stabilize its stock price during the year.
Since the beginning of this year, Gree Electric has completed the third phase of the share repurchase plan. Among them, 108 million shares were repurchased in the first phase, with a total investment of 6 billion yuan, which was completed in February this year. The second phase of the repurchase of 101 million shares, with a total turnover of 6 billion yuan, was completed in May this year. The third phase of the repurchase of 316 million shares, with a total turnover of 15 billion yuan, was completed in September this year.
According to the original plan, the above three share repurchases were used for employee stock ownership plans or equity incentives. Subsequently, Gree Electric announced that the second phase of the repurchase shares and part of the third phase of the repurchase shares will be used to change the use of cancellation and reduction of registered capital.
Among them, a total of 101 million shares repurchased in the second phase, 70% of the shares repurchased in the third phase, or 221 million shares, will be cancelled. The cancellation of the shares repurchased in the second phase has been approved by the general meeting of shareholders. According to the analysis, if the above-mentioned share cancellation matters go ahead smoothly, the above two batches of shares will have a total of 322 million shares to be cancelled, at a cost of 16.5 billion yuan, and Gree Electric’s total share capital will be reduced from 6.016 billion shares to 5.693 billion shares.Return to Sohu to see more
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