MFSP(SH:600235) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-05-08 03:11Core Viewpoint - The controlling shareholder of Minfeng Special Paper Co., Ltd., Minfeng Group, plans to increase its stake in the company through a share buyback program from November 8, 2024, to May 7, 2025, with a total purchase of between 3 million and 6 million shares, amounting to between 20 million and 40 million yuan [2][5]. Group 1: Buyback Plan Details - The buyback plan will be executed using self-owned and self-raised funds, with the shares purchased through the Shanghai Stock Exchange's centralized bidding system [2][5]. - The minimum number of shares to be bought back is 3 million, while the maximum is 6 million, with the total investment ranging from 20 million yuan to 40 million yuan [2][5]. Group 2: Implementation Results - As of the market close on May 7, 2025, Minfeng Group successfully completed the buyback of 5 million shares, representing 1.42% of the company's total share capital, with a total investment of 28.52 million yuan (excluding transaction fees) [6]. - The total number of shares and the amount invested exceeded the lower limits set in the buyback plan but did not exceed the upper limits, marking the completion of the buyback plan [6]. Group 3: Shareholding Status - Prior to the buyback plan announcement, Minfeng Group held 12.25 million shares, accounting for 34.87% of the company's total share capital [3]. - The buyback will not affect the company's listing status or lead to changes in the controlling shareholder or actual controller [8].