Almost 100 listed companies disclosed buyback announcements in four days since listed companies bought back and increased their holdings under the new regulations_Market_Repurchases_Amount

Original title: Under the new regulations, almost 100 listed companies disclosed buyback announcements in four days

Observer Economic Correspondent Huang Yifan On the evening of October 17, 23 other listed companies disclosed buyback announcements.

On October 14, the Shanghai and Shenzhen Stock Exchanges optimized and improved the rules for redemption and payments, and solicited public opinion, with the aim of further improving the institutional capacity and convenience of operating redemption and payments. In this context, a number of listed companies responded positively.

According to wind statistics, from the night of October 14th to 16th, 74 companies in Shanghai and Shenzhen disclosed buyback announcements. Among them, 14 companies announced buyback plans, 8 buybacks were approved by the general meeting of shareholders, and 49 companies are implementing or have completed buybacks. Counting the 23 companies disclosed on October 17, within four days, the number of companies that disclosed repurchase announcements on the Shanghai and Shenzhen stock exchanges has reached 97.

In addition, according to the reporter’s statistics, since the night of the 14th, the total limit of repurchase funds offered by companies with new repurchase plans has reached 5.096 billion yuan.

Among the new redemption plans, there are many “big money” with an amount of hundreds of millions of yuan or even over a billion yuan. For example, Great Wall Motor plans to repurchase the upper limit of capital at 1.8 billion yuan, Focus Media plans to repurchase shares at 400 million to 800 million yuan, and China Textile City plans to repurchase the lower limit of 410 million yuan .

It is worth noting that the shares of Yunda, Crystal Optoelectronics, Yahua Group, Akcome Technology and four other companies were proposed by the chairman to buy back the company’s shares.

Taking Yunda’s shares as an example, on October 17, Yunda’s shares disclosed that it had received the “Letter of Offer to Buy Back the Company’s Shares” on October 14, 2022, from the company’s chairman, Nie Tengyun. The company said that Nie Tengyun is based on his confidence in sustainable and stable development in the future and his recognition of the company’s value. Given that the company’s stock price has been slow recently, in order to increase the confidence of public investors in the company , promote the company’s healthy and sustainable development, and ensure the company’s development strategy According to relevant laws and regulations, Nie Tengyun proposed that the company repurchase the company’s shares through centralized bidding transactions. His proposal to repurchase 5 million to 7 million shares of the company with 100 million yuan in the next 12 months will promote the company to convene the board of directors or shareholders meeting as soon as possible to consider share repurchase.

Yang Delong, managing director of Qianhai Open Source Fund, said, “Recently, listed companies have frequently repurchased and increased their holdings, and listed companies have repurchased and increased their holdings more often, which also shows that the current market has fallen gradually out of Managers and shareholders have a better understanding of the operation of listed companies, and are ready to increase their holdings at the moment, which also shows that the stock price is undervalued. And there are some policy adjustments on redemption and payments are also favorable to promote these directors, supervisors and senior executives to increase their payments.”

On October 14, the China Securities Regulatory Commission revised the Rules for the Redemption of Shares of Listed Companies and the Rules for the Management of Shares and Changes of the Company Held by Directors, Supervisors and Senior Managers of Listed Companies, etc. to solicit public opinion.

Rongzheng Group said, “Looking at the review of the “Repurchase Rules”, we can see that the regulatory authorities are increasingly supporting the policy of listed companies to repurchase shares, lowering the repurchase threshold, and providing repurchase to listed companies. more channel convenient.” Rongzheng Group said that the draft of the new regulations at the same time modified the operating conditions for the redemption of newly listed companies, which is important for newly listed companies to maintain the company’s market value, protect the interests of small investors and medium, and even implement equity Incentives, in order to strive to achieve common prosperity and provide better policy support; in addition, the draft of this policy has a more reasonable and clear definition of issuing shares, which is expected to be favorable to the rational financing of listed companies; The definition of the “window period” in the “Redemption Rules” is more in line with current market demand, and provides a more convenient time arrangement for the company to better implement share redemption.

“This system optimization helps to improve the ability of the capital market to serve the real economy, which is conducive to improving market sentiment and stabilizing the market in the short term. Although payments and redemptions are not increasing listed companies have an immediate impact, they release positive effects. The signal, especially when the market is in a downturn, will give a significant boost,” said Yang Delong.

It is worth noting that CICC’s strategy analysis team has noted that the annual redemption amount of A shares in 2021 has reached an all-time high. According to Gwynt’s data, and judging from the redemption situation of A-share listed companies, with the gradual improvement of the redemption system in recent years, the number and scale of A-share share redemptions has increased significantly. Since 2022, A-share listed companies have repurchased 1,510 times, which includes 1,100 listed companies, with a repurchase amount of 158.9 billion yuan, an increase of 85.5% over the same period last year.Return to Sohu, see more