China Securities Intelligent Financial News *ST Longyu (Rights Protection)(603003) announced on the evening of May 21 that on May 21, the company received a "About Proposal for the Company to Buy Back Shares from Shanghai Longyu Holdings Co., Ltd., the company's controlling shareholder.baccarat540extrait"Proposal Letter", proposing that the company use its own funds to repurchase the company's issued RMB ordinary shares (A shares) through centralized bidding transactions to safeguard the company's value and shareholders 'rights and interests, and cancel all shares repurchased this time in the future., reduce registered capital.
According to the announcement, the price of repurchase shares will not exceed 5baccarat540extrait.35 yuan/share (inclusive), and the total repurchase funds shall not be less than RMB 50 million (inclusive), and shall not exceed RMB 100 million (inclusive).
The announcement stated that the company's controlling shareholder did not buy or sell the company's shares within six months before the proposal.