Shanghai Securities News, China Securities News, Tianshan Aluminum announced on the evening of July 6 that the company will repurchase the company’s shares through centralized trading and bidding. (inclusive). Under the condition that the repurchase share price does not exceed 10.4 yuan per share (inclusive), and according to the upper limit of the total repurchase funds, it is estimated that the total number of shares that can be repurchased is about 19.2308 million shares, accounting for about 0.41 of the company’s current total share capital. %.
Tianshan Aluminum said that the repurchase plan is to promote the sustainable and healthy development of the company, safeguard the rights and interests of shareholders, enhance investor confidence, and further establish and improve the company’s long-term incentive mechanism to attract and retain outstanding talents. The company is considering the business situation. , business development prospects, financial status and future profitability, it is planned to use its own funds to repurchase the company’s shares in a centralized bidding transaction, which will be used to implement equity incentives or employee stock ownership plans.
Tianshan Aluminum is one of the few large-scale comprehensive enterprises with the advantages of a complete and integrated aluminum industry chain in China. The comprehensive advantages of upstream and downstream integration of the aluminum industry chain, and the complete aluminum industry chain layout with self-provided power plants and self-provided pre-baked anodes, enable the company’s electrolytic aluminum products to maintain a strong upstream energy supply, resource reserves and cost advantages. Competitiveness. (Xu Yu)Return to Sohu, see more
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