Biwin Storage announced plans to use its own funds and self-raised funds to repurchase shares through centralized bidding, with the aim of reducing registered capital. The buyback amount will be no less than 200 million yuan and no more than 250 million yuan, with a maximum repurchase price of 468.24 yuan per share. The company has obtained a loan commitment letter from the Shenzhen branch of Industrial and Commercial Bank of China, which pledges to provide a special stock buyback loan of up to 225 million yuan for this repurchase. The buyback plan still needs to be submitted to the shareholders' meeting for approval.
Biwin Storage Technology Co. Ltd. ACompany announces share buyback to reduce capital, funded partly by a bank loan.
Industrial and Commercial Bank of China Ltd