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Wens Shares: Plans to repurchase 800 million to 1.2 billion yuan of company shares for employee stock ownership plans or equity incentives
Gelonghui, February 25 — Wen’s Shares (300498.SZ) announced that the company plans to use its own funds or dedicated loan funds of no more than 1.2 billion yuan and not less than 800 million yuan to repurchase company shares for implementing employee stock ownership plans or equity incentives. The repurchase price will not exceed 24 yuan per share. The repurchase period will not exceed 12 months from the date of board approval.