Gree Electric: Has repurchased a total of 121 million shares at a cost of 6.233 billion yuan

Gree Electric issued an announcement stating that Zhuhai Gree Electric Co., Ltd. held the 21st meeting of the eleventh board of directors on May 26, 2021, to deliberate and pass the “Proposal on the Repurchase of Part of the Public Shares.” The proposal agrees to the company’s use of its own funds to repurchase the company’s shares in a centralized auction transaction.

As of July 23, 2021, the company’s third phase of the repurchase plan has repurchased 121,441,078 shares of the company through a centralized bidding method through a dedicated securities account for repurchase, accounting for 2.0187% of the company’s total share capital as of July 23, 2021, the highest The transaction price was 56.11 yuan/share, the lowest transaction price was 48.82 yuan/share, and the total amount paid was 6,233,056,719.92 yuan (excluding transaction costs). This repurchase complies with the requirements of relevant laws and regulations and complies with the company’s established repurchase plan.

Gree Electric also stated that the company will continue to implement this repurchase plan within the repurchase period based on market conditions, and will perform its information disclosure obligations in a timely manner during the repurchase period in accordance with relevant laws, regulations and regulatory documents. Please invest in Pay attention to investment risks.

It is reported that Gree Electric had repurchased a total of 70,199,889 shares as of July 14, with a total payment of approximately RMB 3.677 billion. According to the “Administrative Measures for the Repurchase of Public Shares by Listed Companies (for Trial Implementation)” and the relevant regulations of the Shenzhen Stock Exchange, every 1% increase in the proportion of shares repurchased by listed companies shall be announced within 3 days from the date of the fact.

Cheyenne Cox is a news report covering multiple Market and economy News. She is creative and highly professional writer. Cheyenne holds a degree in communication and journalism and has also a Diploma in digital marketing. She belongs to south Africa who has also lived in Europe and is currently based in the US.

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