NJTC disclosed the progress of its share repurchase, having spent over 250 million on buybacks

Zhitong
2025.10.09 07:35

China Merchants Nanjing Tanker Corporation Limited announced the progress of its share repurchase. The company approved the repurchase proposal at the board meeting on August 22, 2025, and at the extraordinary general meeting on September 9, 2025. Starting from September 9, it plans to repurchase shares within 12 months at a price not exceeding 4.32 yuan per share, with an intended fund allocation of 250 million to 400 million yuan to reduce registered capital. As of the end of September, the company has cumulatively repurchased 75,037,600 shares, accounting for 1.56% of the total share capital, with a payment amount of 250,043,007.43 yuan, and the repurchase price range is 3.27 to 3.38 yuan per share. The company will repurchase shares in accordance with regulations and disclose information in a timely manner, reminding investors to pay attention to risks

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