Hai Lan'S Home Has Accumulated A Total Cost Of 245 Million Yuan To Buy Back 0.7% Shares.

In the evening of January 2nd, 600398.SH issued a notice on the progress of repurchase shares by centralized bidding. According to the announcement, in December 2019, the company had accumulated 5981336 shares of repurchase shares through centralized bidding transactions, accounting for 0.1353% of the total share capital of the company as at September 30, 2019, and the highest purchase price was 7.81 yuan / share. The lowest price was 7.55 yuan / share, and the amount paid was 45744967.63 yuan (excluding transaction costs).

The announcement shows that as at the end of December 2019, Hai Lan's home has repurchased 30888210 shares, accounting for 0.6988% of the total share capital of the company as at September 30, 2019, the highest price being 8.74 yuan / share and the lowest price of 7.54 yuan / share. The total amount paid has been 245142898.26 yuan (excluding transaction costs). The above repurchase progress is in line with the established share repurchase scheme.

Prior to that, the repurchase report of the Limited by Share Ltd on the repurchase of shares (second phase) by centralized auction trading shows that according to the company's five year (2018-2022 years) share repurchase plan, it is necessary to safeguard the interests of the vast majority of shareholders, enhance investor confidence in the company's sustainable and stable development and recognize the company's value. The company intends to repurchase some of its public shares with its own funds to reduce the registered capital of the company, and the company will cancel the shares repurchased in accordance with the law.

The total amount of the repurchase fund of Hai Lan home is no less than 691 million yuan, not more than 1 billion 36 million yuan, and the upper limit of repurchase price is 12 yuan / share. The number of specific repurchase shares is based on the number of shares actually repurchased when the buyback expires.

In response to the above repurchase, Changjiang Securities (7.140, -0.04, -0.56%) research report pointed out: the first phase of the repurchase completed and disclosed the second phase of the repurchase plan, large repurchase and used to reduce registered capital, dividend returns were superior, absolute benefit value highlighted. Some analysts pointed out that even though the calculation of the lower limit of 691 million yuan, Hai Lan's home still has a repurchase share of 446 million yuan, which is a strong support for the latter trend of the company's stock price.

Hai Lan House said that the amount of shares repurchased at the upper limit of 1 billion 36 million yuan would not have a significant impact on the company's operation, finance and future development. The implementation of the share repurchase program will not lead to the distribution of the company's stock rights which is not in line with the listing conditions, and will not affect the listing status of the company, and will not lead to changes in the company's control rights.