Zhejiang Xiangyuan Cultural Tourism Co., Ltd.(600576) plans to use its own funds to buy back the company's shares from public shareholders through centralized bidding. The total amount of funds for this share repurchase shall not be less than 40 million yuan and shall not exceed 60 million yuanliveroulettesites, no higher than 8.69 yuan/share (inclusive).
It is expected that the number of shares repurchased this time will be approximately 4.6029 million shares to 6.9044 million sharesliveroulettesites,, on the previous trading day, the closing price was 5.51 yuan.
Regarding the purpose of repurchase shares, Xiangyuan Cultural Travel said: further increase net assets per share and earnings per shareliveroulettesites, enhance investors 'confidence in the company's developmentliveroulettesites, promote the long-term healthy development of the company.