Shenzhen Textile A (000045): 11 Million 120 Thousand Yuan To Buy Back Equity Incentive Shares And Write Off

Shenzhen textile A (000045) announced in June 5th that the company intends to repurchase 1 million 935 thousand and 700 shares of the company with 11 million 116 thousand and 100 yuan.

According to the company announcement, the company intends to carry out stock repurchase at a price of 5.92 yuan, the amount of repurchase is 11 million 116 thousand and 100 yuan, and the amount of repurchase is 1 million 935 thousand and 700 shares, accounting for 0.38% of the total share capital of the company.

From the perspective of the company's share capital, the total share capital will be reduced from the existing 511 million shares to 509 million shares, which will increase the earnings per share of the company after the 1 million 935 thousand and 700 share repurchase will be cancelled.

From the stock price, the latest closing price of the company is 6.93 yuan (in June 4, 2019), and the repurchase price is 5.92 yuan, which is -14.57% above the latest closing price.

The company's share price rose 0.29% in the past three months.