crashbandicootspanish| *ST Longyu: Plans to repurchase 50 million to 100 million yuan of A shares to maintain company value

News summary

*ST Longyu issued an announcement that it plans to repurchase ordinary shares of no more than RMB 100 million with its own funds, in order to safeguard the company's value and shareholders 'rights and interests, and plans to cancel the repurchased shares to reduce registered capital.

Newsletter text

[*ST Longyu shareholders urge share repurchase through bidding] Shanghai Longyu Holdings Co., Ltd., as *ST LongyucrashbandicootspanishThe controlling party of the company proposed to repurchase shares with its own funds. This lift upcrashbandicootspanishThe goal is to safeguard the company's value and shareholders 'rights and interests, and plans to cancel the repurchased shares to reduce the company's registered capital.

The amount involved in this repurchase strategy starts from 50 million yuan and can reach a maximum of 100 million yuan.

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