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According to Eddy Precision's announcement, the company previously reviewed and approved a plan to repurchase shares through centralized bidding transactions. The maximum repurchase price is 28 yuan/share, with a total capital of not less than 100 million yuan and no more than 200 million yuan for employee stock ownership plans or equity incentives. The repurchase period is 12 months from the date of review and approval by the board of directors. Recently, the company received a loan commitment letter from the Yantai branch of China CITIC Bank, promising to provide a special loan of up to 180 million yuan to repurchase the company's shares. The loan period shall not exceed 3 years. The details are subject to the final signed loan contract.
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According to Eddy Precision's announcement, the company previously reviewed and approved a plan to repurchase shares through centralized bidding transactions. The maximum repurchase price is 28 yuan/share, with a total capital of not less than 100 million yuan and no more than 200 million yuan for employee stock ownership plans or equity incentives. The repurchase period is 12 months from the date of review and approval by the board of directors. Recently, the company received a loan commitment letter from the Yantai branch of China CITIC Bank, promising to provide a special loan of up to 180 million yuan to repurchase the company's shares. The loan period shall not exceed 3 years. The details are subject to the final signed loan contract.
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