Stock buyback and shareholding loans accelerated landing. According to Caixin, incomplete statistics show that 28 A-share listed companies announced the disclosure of repurchase and shareholding reloan-related situations (see table) this week. Cngr Advanced Material received the highest special loan amount, not exceeding 0.7 billion yuan. Hundsun Technologies Inc. announced on Monday that it received a loan to support the repurchase of shares. The stock price closed at the limit up on Tuesday.
Caixin News on November 9th (Editor: Pingfang) A-share listed companies' repurchase and shareholding loans are accelerating. According to Caixin, as of the draft, this week (November 4th to November 9th), including 28 listed companies such as Renxinxin Materials, Zhejiang Cheng Yi Pharmaceutical, Zhejiang Anglikang Pharmaceutical, Huatong Cable, Shandong Longertek Technology, Jiangsu Eazytec Co., Ltd., Huakang Medical, CNGR Advanced Material, Ningbo Joyson Electronic Corp., Xiamen Jihong Package Technology, Jiangsu Zhongtian Technology, Jiangsu Pacific Precision Forging, TSL Precision Manufacturing, Gangtong Medical, Hundsun Technologies Inc., Tianjin Ringpu Bio-technology, Zhejiang Tiantai Xianghe Industrial, Meig Smart Technology, Shenzhen TXD Technology, Xizi Clean Energy Equipment Manufacturing, Runfeng Corporation, Shandong Yisheng Livestock & Poultry Breeding, Jiangsu Zhenjiang New Energy Equipment, Shede Spirits, CSPC Innovation Pharmaceutical, Shandong Huatai Paper Industry Shareholding disclosed the repurchase and shareholding reloan-related situations. Specific details in the following figure:
Among the listed companies that announced the use of special loans for share repurchases or share buyback plans, CNGR Advanced Material received the highest special loan amount, not exceeding 0.7 billion yuan.
In the concept of solid-state battery stocks, CNGR Advanced Material announced on November 5 that the company plans to repurchase a total amount of not less than 0.5 billion yuan (inclusive) and not more than 1 billion yuan (inclusive), with a repurchase price not exceeding 57 yuan per share (inclusive). The repurchased shares will be used for stock-based incentives or employee stock ownership plans. The company has received a "Loan Commitment Letter" from the Industrial Bank Changsha Branch, committing to provide special loan support for the company's repurchase of A-share stocks, with a maximum loan amount not exceeding 0.7 billion yuan (inclusive) and a loan term of 1 year. In the secondary market, CNGR Advanced Material rose nearly 15% at the highest on November 6.
In addition, Jiangsu Zhongtian Technology, Hundsun Technologies Inc., Shenzhen TXD Technology, Shede Spirits, Tonghua Dongbao Pharmaceutical, and many other listed companies have successively disclosed receiving funding support for repurchase and shareholding loans this week.
Jiangsu Zhongtian Technology, the enterprise with the most complete variety of domestic optical cable products, announced on November 5 that the company plans to repurchase an amount of no less than 0.2 billion yuan (inclusive) and not more than 0.4 billion yuan (inclusive), with a repurchase price not exceeding 22.00 yuan per share (inclusive). The repurchased shares will be used to implement an employee stock ownership plan. The company has obtained a "China Construction Bank Loan Commitment Letter" issued by the Nantong branch of China Construction Bank, agreeing to provide a share repurchase special loan not exceeding 0.28 billion yuan for the company's repurchase of stocks, with a loan term of 1 year.
Hundsun Technologies Inc., a leader in the market share of multiple financial software, announced on November 4 that the company plans to repurchase shares for 60 million-0.12 billion yuan, with a maximum repurchase price of 37.4 yuan per share. The repurchased shares will be cancelled in full and the company's registered capital will be reduced. The funds are provided by CM Bank Hangzhou Branch as a special loan and the company's own funds, with a special loan amount not exceeding 84 million yuan. In the secondary market, Hundsun Technologies Inc. closed at the limit up on November 5.
In the consumer electronics concept stock, Shenzhen TXD Technology announced on November 4 that it plans to repurchase company shares for 0.25 billion-0.4 billion yuan, with a repurchase price not exceeding 21.56 yuan per share. The repurchased shares will be used for stock-based incentive plans or employee stock ownership plans. The company has signed a "Listed Company Stock Repurchase and Shareholding Loan Contract" with Hua Xia Bank Co., Ltd., Shenzhen Branch, under which Hua Xia Bank will provide 0.28 billion yuan in special loan funds for the company's stock repurchase. In terms of performance, Shenzhen TXD Technology announced on October 28 that it achieved a net income of 72.4547 million yuan in the first three quarters, a year-on-year increase of 308.02%.
Baijiu stocks Shede Spirits announced on November 4th that the company received a Loan Commitment Letter from the Sichuan Branch of Bank of China on November 1st, agreeing to provide a loan support of up to 0.14 billion yuan for the company's share buyback. Earlier, Shede Spirits announced on October 28th that the company plans to repurchase shares with an amount not less than 0.1 billion yuan (inclusive) and not more than 0.2 billion yuan (inclusive). The source of funds for the share buyback is from the company's own funds and/or self-raised funds. The purpose of the share repurchase is for the company's employee stock ownership plan or stock-based incentive. The share repurchase price does not exceed RMB 91.00 per share (inclusive).
Regarding shareholding, weight loss drug concept stock Tonghua Dongbao announced on November 4th that the controlling shareholder, Dongbao Group, recently obtained a Loan Commitment Letter from the Jilin Branch of Agricultural Bank of China, which will provide financing support for Dongbao Group's increased holdings in the company, with a loan amount of 0.5 billion yuan and a loan term of 1 year. Previously, Tonghua Dongbao announced on October 30th that the controlling shareholder Dongbao Group plans to increase its stake in the company through centralized bidding on the Shanghai Stock Exchange within 12 months from the disclosure date of the announcement, with the increase in stake not less than 1% of the total share capital and not exceeding 2% of the total share capital.