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Longsys Completes ¥800 Million A-Share Repurchase Plan
Chinese memory and storage solutions provider Longsys (301308.SZ) has completed its previously announced A-share repurchase program, according to a company filing. The company spent a total of approximately ¥800 million to buy back 2.2906 million shares from the open market.
Details of the Repurchase
The buyback plan, which concluded as of September 18, 2026, was executed via a special securities account using a centralized competitive bidding process. The repurchased shares represent 0.53% of the company's total A-share capital.
Key figures from the completed program include:
- Total Shares: 2.2906 million A-shares
- Total Cost: Approximately ¥800 million (RMB 800 million), including transaction fees.
- Price Range: The highest price paid was ¥365.38 per share, while the lowest was ¥328.04 per share.
AdContext for Investors
Share repurchase programs, or buybacks, are a method for companies to return capital to shareholders. By reducing the number of shares outstanding, these programs can be accretive to earnings per share (EPS), a key valuation metric.
The completion of a buyback plan often signals confidence from a company's management in its financial health and future prospects. For investors, it demonstrates the company is following through on its stated capital allocation strategy.
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