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23 A-shr Companies Engage in 1st Batch of Re-lending for Buyback/ Stake Increase of RMB10B+
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23 companies listed on the Shanghai and Shenzhen stock exchanges released announcements yesterday stating separately that the company or major shareholder signed a loan agreement with a bank or obtained a loan commitment letter, and will use the loan funds to implement share buybacks or add shareholder holdings, according to the China Securities Journal. Industry insiders indicated that this was the market's first batch of buyback, stake increase, and re-lending cases, involving a maximum amount of nearly RMB11.5 billion. Led by listed central state-owned enterprises, large-cap industry leaders, and index heavyweight companies, the first batch of listed companies participating in re-lending for buyback included Sinopec (600028.SH), Merchants Shekou (001979.SZ), CME Shipping (601872.SH), China Merchants Port (001872.SZ), COSCO Shipping (601919.SH), and COSCO Shipping Development (601866.SH). The first batch of companies participating in re-lending for holdings increase included Sinopec, Sinotrans (601598.SH), COSCO Shipping Energy (600026.SH), and COSCO Shipping Specialized (600428.SH). AAStocks Financial News |
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