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Up to 5 billion repurchase! In the face of the collapse of the stock price, these state-owned companies can not sit still

November 09, 2018 06:38
edit:Eastern Fortune Network

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Summary
[Up to 5 billion repurchase! In the face of the plunging stock price, these state-owned companies can't sit still.] With the reform of the repurchase system – the core is to introduce the treasury stock clause. Since October, more than 25 state-owned listed companies in the A-share market have issued repurchase plans or Announcement on the progress of the purchase implementation. Shaanxi's coal industry's domineering 5 billion repurchase plan has not been thunderous, and nearly 10% has been completed by the end of October. (Shanghai Securities News)

The stock price plummeted, and even some state-owned listed companies that were not sensitive to the stock price tried to buy back.

With the reform of the repurchase system, the core is to introduce the provisions of the treasury stocks. Since October, more than 25 state-controlled listed companies in the A-shares have announced the repurchase plan or the repurchase implementation progress announcement. Shaanxi's coal industry's domineering 5 billion repurchase plan has not been thunderous, and nearly 10% has been completed by the end of October.

For the meaning of repurchasing shares, the company is mostly a central idea: the stock price fails to reflect the company's value and promotes a reasonable return of the stock price. So, what state-owned companies have recently considered their stock prices to be unreasonable? Let’s take a look at the TOP10 repurchased by the state-owned company that you have provided to you in small series (in terms of the size of the repurchase amount).

  Shaanxi Coal Industry (repurchase progress: in implementation)

  Repurchase amount: 1 billion to 5 billion yuan

  Repurchase price: no more than 10 yuan

  Repurchased amount: 498 million yuan

  Closing price on November 8: 8.24 yuan

Shaanxi Coal Industry under the State-owned Assets Supervision and Administration Commission of Shaanxi Province disclosed the repurchase plan on September 7. The company plans to repurchase shares not exceeding 5 billion yuan, accounting for 5% of the company's current issued total share capital, and the repurchase price is not more than 10 yuan per share. Used to reduce registered capital or equity incentives.

In order to highlight the company's confidence in the future development, Shaanxi Coal has set a minimum repurchase limit of no less than 1 billion at the end of September. After reviewing the shareholders' meeting, the company began to implement the repurchase program. According to the latest disclosures of the company, as of October 31, the company has repurchased 57 million shares, accounting for 0.57% of the company's total share capital. The highest price is 8.94 yuan/share, and the lowest price is 8.35 yuan/share. It is about 498 million yuan.

  AVIC Capital (Repurchase Progress: Board of Directors)

  Repurchase amount: 500 million to 100 million yuan

  Repurchase price: no more than 6.37 yuan

  Closing price on November 8th: 4.54 yuan

Although the CAAC Capital Repurchase Program under the Central Enterprise has not yet been implemented, the scale of the repurchase of the upper limit of 1 billion is also impressive. On October 23, AVIC Capital launched a repurchase plan to repurchase the company's shares of 500 million to 100 million yuan, and the repurchase price does not exceed 6.73 yuan per share.

It is worth mentioning that before the company released the repurchase plan, the company's actual controller, China Aviation Industry Corporation, has increased its holding of the company's total price of 5 yuan/share through the secondary market by 12.926 million shares, accounting for 0.14% of the total share capital.

  China Storage Co., Ltd. (Repurchase Progress: Board of Directors)

  Repurchase amount: 98.991 million yuan - 8.9899 billion yuan

  Repurchase price: no more than 9 yuan

  Closing price on November 8: 5.39 yuan

It is a central enterprise! After the repurchase of the new rules, China Storage Co., Ltd. revised the pre-purchase plan and further increased the repurchase. Specifically, the company launched a repurchase plan on October 11th, and it is planned to buy back shares of not more than 198 million yuan at a price not exceeding 9 yuan. Subsequently, the company revised the repurchase program on November 3, raising the repurchase limit to 9.899 billion yuan.

  Zhejiang number culture (repurchase progress: implementation)

  Repurchase amount: 300 million to 800 million yuan

  Repurchase price: no more than 13.74 yuan

  Repurchased amount: 99.65 million yuan

  Closing price on November 7: 7.97 yuan

Zheshu Culture (Zengming Zhebao Media), a subsidiary of Zhebao Group, launched the repurchase plan on June 29, and after the review and approval of the shareholders' meeting, it began to implement the repurchase plan. As of November 1, it has repurchased 118.669 million shares, accounting for The company's current total share capital is 0.91%. The highest price of the transaction was 8.88 yuan/share, and the lowest price was 7.45 yuan/share, which cost a total of about 96.65 million yuan.

  Chinese Media (Repurchase Progress: Board of Directors)

  Repurchase amount: 150 million to 600 million yuan

  Repurchase price: no more than 15 yuan

  Closing price on November 7th: 11.41 yuan

Jiangxi State-owned Chinese Media announced on October 27 that due to the recent comprehensive influence of external market factors, the company's share price has experienced large fluctuations. The company intends to return based on its confidence in the future stable development and recognition of the company's value. The purchase of shares is 150 million to 600 million yuan, and the repurchase price is not more than 15 yuan per share, which is used to reduce the registered capital.

  Radio and TV Express (repurchase progress: in implementation)

  Repurchase amount: no more than 500 million yuan

  Repurchase price: no more than 7.27 yuan

  Repurchased amount: 99.345 million yuan

  Closing price on November 8: 5.76 yuan

After the repurchase plan was launched on August 24th by Guangzhou SASAC, the company announced that it had repurchased 161.71 million shares, accounting for 0.66% of the company's current total share capital. The highest transaction price is 6.48 yuan / share, the lowest transaction price of the purchase is 5.65 yuan / share, the total amount paid is 99.345 million yuan.

  Weichai Power (repurchase progress: in implementation)

Repurchase amount: no more than 500 millionyuan

  Repurchase price: no more than 14.57 yuan

  Repurchased amount: 99,997,300 yuan

  Closing price on November 8th: 7.49 yuan

Weichai Power, a subsidiary of Shandong State-owned Assets Supervision and Administration Commission, disclosed the repurchase progress on November 3. As of November 3, it had repurchased 11.998 million shares, accounting for 0.15% of the company's total share capital. The highest transaction price was 8.49 yuan/share, the lowest transaction. The price is 7.93 yuan / share, costing about 99.973 million yuan.

  Chengzhi shares (repurchase progress: board plan)

  Repurchase amount: 240 million - 480 million yuan

  Repurchase price: no more than 20 yuan

  Closing price on November 8th: 13.04 yuan

The Zhizhi Shares under the Ministry of Education disclosed the repurchase plan on October 19, and intends to repurchase the company's shares of 240 million-480 million yuan with its own funds, and the repurchase price does not exceed 20 yuan/share.

  China Power (repurchase progress: in implementation)

  Repurchase amount: 200 million to 400 million yuan

  Repurchase price: no more than 34.5 yuan

  Repurchased amount: 310.14 million yuan

  Closing price on November 8th: 22.74 yuan

China Power, a subsidiary of the central bank Zhongchuan Heavy Industry Group, disclosed the repurchase progress on November 3. The company implemented the first repurchase on November 2, and the number of shares repurchased for the first time was 1.4084 million shares, accounting for 0.0812% of the company's total share capital. The lowest price of the transaction was 21.81 yuan, and the highest price of the transaction was 22.23 yuan, and the total amount paid was 310.142 million yuan.

  Huamao Logistics (repurchase progress: board plan)

  Repurchase amount: 180 million - 360 million yuan

  Repurchase price: no more than 8 yuan

  Closing price on November 8: 5.62 yuan

China Travel Group's Huamao Logistics announced on the evening of November 6 that it intends to repurchase the company's shares with its own funds of 160-360 million yuan, and the number of shares repurchased is not less than 20 million shares (1.98% of the company's total share capital) ), no more than 45 million shares (4.45% of the company's total share capital), the repurchase price does not exceed 8 yuan / share.

"It is widely believed that state-owned enterprises do not have the positive situation of private enterprises in the maintenance of stock prices, and they may change in the future." Market participants said that with the reform of the repurchase system, state-owned listed companies can use the repurchase to maintain the market value of the company. On the other hand, it can also implement equity incentives and even pave the way for future mixed reforms.

(Article source: Shanghai Securities News)

                (Editor: DF380)

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