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Since MayZyngacryptoA number of companies of the Northern Stock Exchange spent real money on buybacks in order to stabilize the performance of the stock price. Longhong Technology sold the repurchase price ceiling higher than the secondary market share price. At the same time, some companies have been increased by management.
At the annual performance presentation meeting, the stock price performance and market capitalization management of the company of the Beijing Stock Exchange attracted much attention from investors. Market participants believe that the Beijing Stock Exchange is a niche market with few investors and low attention, and listed companies definitely need market capitalization management.
Another share buyback plan has been announced
This week, Longhong Technology unveiled a share buyback plan. Longhong Technology said that based on the confidence in the company's future development prospects and the recognition of the company's value, in order to establish a perfect long-term incentive and restraint mechanism, fully mobilize the enthusiasm of the company's employees, and promote the sustained, stable and healthy development of the company, on the basis of comprehensive consideration of the company's operating situation, financial situation and future profitability, the company plans to use its own funds to buy back the company's shares.
All the shares repurchased by the company will be used for the implementation of equity incentives. It is worth mentioning that the repurchase price is no more than 8.Zyngacrypto.00 yuan per share, significantly higher than the recent performance of the company's stock in the secondary market, which hit 6.3 yuan on May 17.
The plan shows that the number of shares to be repurchased by Longhong Technology is not less than 600000 shares and not more than 1.2 million shares, accounting for 0.47% of the company's total share capital. 0.94% of the company's total share capital is estimated to be between 4.8 million yuan and 9.6 million yuan according to the number of shares to be repurchased and the upper limit of the proposed repurchase price.
After announcing the share buyback plan, Longhong's share price soared to 7.19 yuan on May 23 and closed up 2.82% at 6.92 yuan on the day. Today, the stock closed down 2.75% at 6.73 yuan.
Since May, a number of companies of the Northern Exchange have implemented buybacks. Yunli Wuli disclosed that as of May 15, 2024, the company had repurchased 1.7542 million shares of the company through continuous competitive bidding through a special securities account for share repurchase, accounting for 2.1519% of the company's total share capital. 116.94% of the maximum number of repurchases to be repurchased (calculated at the price of 10 yuan per share), and the total amount paid is 14.9953 million yuan (excluding stamp duty, commission and other transaction fees). It accounts for 99.97% of the total repurchase funds proposed by the company. The share repurchase period of the company begins on August 18, 2023 and ends on May 15, 2024.
Koda controls announced that as of May 15, 2024, the company had repurchased 804100 shares of the company through a continuous competitive transfer of shares through a special securities account for share buybacks, accounting for 1.04% of the company's total share capital and 75.70% of the upper limit of the expected total number of buybacks. The total amount paid is 10.0003 million yuan (including stamp duty, commission and other transaction fees), accounting for 50.00% of the company's proposed total repurchase funds. The share repurchase period of the company begins on May 16, 2023 and ends on May 15, 2024.
A number of companies have been increased by senior executives
Since May, a number of executives have stepped in to increase their holdings.
A few days ago, Luheng Technology disclosed a management plan to increase its shareholds. based on its confidence in the company's future development prospects and recognition of the company's investment value, the company's actual controller Liu Tiebin, senior management Ren Jianping and director Chang Chunli, three shareholders, all plan to increase their holdings in the company with their own funds for no more than six months from today.
Among them, Liu Tiebin and Ren Jianping respectively plan to increase their holdings of no less than 1 million shares through centralized bidding or block trading, with a planned increase of no more than 10 million yuan, while Chang Chunli plans to increase their holdings of no less than 20, 000 shares. The increase price is based on the market price.
And a number of company shareholders or executives have implemented to increase their holdings. Hao Miao Technology announced that based on the optimistic development prospects of the company and the recognition of investment value, company director Xu Liang, with his own funds, increased his stake in Hao Miao Technology 183900 shares through bulk trading in the securities trading system of the North Stock Exchange on May 14, accounting for 0.211% of the company's total share capital. After this increase, Xu Liang holds a total of 185000 shares, accounting for 0.2126% of the company's total share capital.
Datang Pharmaceutical disclosed that the increase of shares held by three directors of the company has been completed. Among them, Sun Yali, director, vice chairman and secretary of the board of directors, increased his stake in the company by 1.29 million shares from January 12 to May 20, with an increase of 0.4985%, at a total cost of 6.1777 million yuan. Zhao Ming, director and deputy general manager of the company, increased his holdings of 100000 shares from May 15 to May 20, an increase of 0.0386%, with a total investment of 450000 yuan.
The shareholder increase results released by Litong Technology show that the company's actual controller, Zhao Hongliang, acted in unison with Liu Xueping, a director, to increase the company's shares by a total of 912500 shares from January 25 to May 15, with an increase of 0.7189%, at a total cost of 10.0089 million yuan. The plan to increase the holding has been completed. Liu Xueping currently holds 18.7340% of the shares.
Market capitalization management is concerned
At the annual performance presentation, a number of companies on the Northern Stock Exchange, which have experienced a long period of depressed stock prices, were asked about stock price performance, market capitalization management and other issues.
Tianrun Technology was asked how to view the company's current share price and whether the company has a market capitalization management plan. In response, the company replied that a good market capitalization is the common desire of the company and all shareholders, but also the direction of the company's efforts. The stock price of the secondary market is affected by the market environment, macro-economy, investor expectations and other factors, the company will focus on the main business, continue to consolidate operation and management, constantly improve the level of corporate governance, and strive to repay investors with good development performance.
With regard to market capitalization management, Tianrun Technology said that the company attaches great importance to market capitalization management, and the relevant plans mainly include: increasing R & D investment to improve the company's competitiveness in the industry; expanding the market and business; on the basis of maintaining and stabilizing the existing market, seek new market opportunities and open up new business areas; strengthen investor relations management and respond to market concerns in a timely manner When necessary, we should make full use of the "toolbox" to enhance the value of investment, including share buybacks, mergers and acquisitions, and so on.
At the performance presentation, Tianli compound was asked "how to better manage market capitalization in the future to raise the share price". According to the company, the company's stock price is affected by market fluctuations, economic policies, investor preferences and other factors. At present, the company's production and operation activities are carried out normally. "for market capitalization management, the company will continue to pay attention to relevant policies, and will enhance the company's core competitiveness by standardizing governance, increasing R & D investment and market development, and actively return to the majority of investors."
Ye Guangming was directly asked by investors whether he planned to increase his holdings and repurchase company shares. According to the company, it will decide whether to launch a repurchase or shareholding plan based on market conditions and the company's overall arrangements, and the company will fulfill its information disclosure obligations in a timely manner in accordance with relevant regulations.
In the view of Zhu Weiyi, a market veteran of the Beijing Stock Exchange and general manager of Guangdong Power Private Equity Management Co., Ltd., the Beijing Stock Exchange is a niche market with few investors and low attention. Listed companies definitely need market value management. "How does the Beijing Stock Exchange market carry out market value management? First, we must have a correct understanding of market value management; second, we must hire professional talents; third, we must mobilize internal and external resources; and fourth, we must tap the intrinsic value and potential value of the company."
Regarding the fourth point, exploring the intrinsic value and potential value of the company, Zhu Weiyi bluntly said,"I once talked with a business owner. He had a clear understanding of this. He said that we are very strong in industry, but we are a little weak in capital. I hope professional consultants can help make up for the company's capital shortcomings, such as proactively communicating with investors and publishing important information about the company in a timely manner under legal compliance conditions; At the same time, the company's future prospects are transmitted to investors through measures such as mergers and acquisitions, sales restrictions, repurchase of holdings, and equity incentives."