Yangtze River Maritime held a special meeting to review the stock repurchase proposal | Lianhe Zaobao
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Yangtze River Maritime will hold a special shareholders' meeting at 2:30 PM on March 6 to seek shareholder approval for a stock repurchase proposal. If approved, the company may repurchase up to 10% of its issued shares, approximately 348.9 million shares, through on-market and off-market transactions. The maximum price for on-market transactions is 105% of the average closing price, while the maximum for off-market transactions is 120%. The proposal aims to improve operational efficiency, and the executive chairman stated that the company will be committed to capital allocation
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