Ten Shanghai-listed companies announce plans to use loans for share buybacks or stake increases
Ten Shanghai-listed companies announced plans at midday on November 6 to use loans for share buybacks or stake increases, according to Cailian Press. Six are listed on the STAR Market and four on Shanghai’s main board. Separately from those ten companies, Shanghai-listed companies had disclosed 21 such loan announcements since October, involving 2.7 billion yuan, the report said.