On June 26, Gelonhui reported that the stock price of Lingyuan Iron & Steel (600231.SH), which had been falling continuously, rebounded by more than 7% at the beginning of the day, and is now at 1.3 yuan, with a total market value of 3.7 billion yuan. The company announced last night that it plans to spend 100 million to 200 million yuan to repurchase company shares for stock-based incentives. The repurchase price will not exceed 2 yuan per share. In addition, the controlling shareholder Lingyuan Group plans to increase its shareholding in the company by 40 million to 80 million yuan within 12 months from the date of the formal decision.
A股异动 | 回购+增持 凌钢股份反弹超7%
A-share fluctuations: Lingyuan Iron & Steel rebounds by over 7% with repurchase and shareholding.
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