Amsino Medical Group Company Limited announces a share repurchase program. Under the agreement, the company will repurchase up to 20,509,064 shares, representing 39.79% of its share capital, from which 11,879,809 shares will be repurchased from Jiangsu Yuyue Medical Equipment & Supply Co., Ltd for $25.55 million and simple interest thereon from the date of remittance at a rate of 6.0% per annum on the amount set forth in (1) beginning on May 30, 2024 and 8,629,255 shares will be repurchased from Jiangsu Yuyue Technology Development Co., Ltd. for $18.86 million and simple interest thereon from the date of remittance at a rate of 6.0% per annum on the amount set forth in (1) beginning on May 30, 2024. The repurchased shares will be deemed cancelled.
Jiangsu Yuyue Medical Equipment & Supply Co., Ltd.
Equities
002223
CNE1000009X3
Medical Equipment, Supplies & Distribution
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- Amsino Medical Group Company Limited announces an Equity Buyback for 20,509,064 shares, representing 39.79% of its issued share capital.