Related News
Chang'an Automobile (Group) Ltd Car maker seeks buyback approval
February 16, 2009, Monday
|
Print Edition
Print Edition
CHANG'AN Automobile (Group) Ltd said that it will ask shareholders for approval next month to buy back as much as HK$909 million (US$117 million) of its foreign-currency denominated Class B shares to help boost the slumping share price.
Ford Motor Co's Chinese partner will repurchase stock at prices no more than HK$3.68 per share over a 12-month period, the Chongqing-based company said in a statement to the Shenzhen Stock Exchange yesterday. It will ask shareholders to approve the plan at a meeting on March 3.
The number of shares to be bought back won't exceed 18.12 percent of the company's total equity capital, Chang'an Auto said. The company's Shenzhen-listed B-shares slid 76 percent last year to HK$1.68 on October 9, the last day the securities were traded.
Ford Motor Co's Chinese partner will repurchase stock at prices no more than HK$3.68 per share over a 12-month period, the Chongqing-based company said in a statement to the Shenzhen Stock Exchange yesterday. It will ask shareholders to approve the plan at a meeting on March 3.
The number of shares to be bought back won't exceed 18.12 percent of the company's total equity capital, Chang'an Auto said. The company's Shenzhen-listed B-shares slid 76 percent last year to HK$1.68 on October 9, the last day the securities were traded.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
