Cointime update: Nexchip Semiconductor (晶合集成) plans to repurchase its A-shares via centralized bidding at no more than RMB 37.00 per share, with total buyback funds between RMB 500 million and RMB 800 million. The shares will be used for an A-share employee stock ownership plan or equity incentive, and the repurchase period will not exceed 12 months from board approval.
Nexchip Plans A-Share Buyback of RMB 500M-800M for Employee Incentives
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