SINOPEC CORP (00386) Plans to Allocate RMB 500 Million to 1 Billion for A-Share Repurchase Program

Stock News

08/21

SINOPEC CORP (00386) announced that to safeguard company value and shareholder interests, the company intends to utilize between RMB 500 million and RMB 1 billion in self-owned funds and dedicated repurchase loans to buy back RMB ordinary shares (A-shares) issued by the company through centralized bidding transactions via the Shanghai Stock Exchange system. The repurchase price ceiling is set at no more than RMB 8.72 per share (inclusive of RMB 8.72 per share).

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