RSPC(SZ:002493) Shang Hai Zheng Quan Bao·2025-04-09 19:31Core Viewpoint - The controlling shareholder of Rongsheng Petrochemical plans to increase its stake in the company by investing between RMB 10 billion and RMB 20 billion, aiming to bolster investor confidence and support the company's stable development [2][5]. Group 1: Shareholder Information - The plan is initiated by Zhejiang Rongsheng Holding Group, which currently holds 5,382,659,734 shares, accounting for 53.16% of Rongsheng Petrochemical's total share capital [2][3]. - In the past 12 months, the controlling shareholder has increased its stake by 56,892,217 shares, representing 0.56% of the total share capital, with a total investment exceeding RMB 16.93 billion [3]. Group 2: Details of the Buyback Plan - The proposed buyback will not set a price range and will depend on the stock price fluctuations and overall market trends [2][5]. - The implementation period for the buyback plan is set for six months starting from April 8, 2025, with the possibility of extension if trading is suspended [2][5]. - The buyback will be conducted through centralized bidding transactions, and the shares acquired will be subject to a six-month lock-up period [6]. Group 3: Funding and Loan Commitment - The funding for the buyback will come from the controlling shareholder's own funds and a special loan, with at least 10% from its own funds and up to 90% from the loan [7][8]. - The Industrial and Commercial Bank of China has issued a commitment letter to provide a special loan of up to RMB 18 billion for this buyback, with a three-year term [7].