Core Viewpoint - Baotailong Group plans to increase its stake in Baotailong New Materials Co., Ltd. by 20 million to 40 million shares within 12 months, but the initial plan has been terminated due to financial constraints and stock price issues [1] Group 1 - Baotailong Group has cumulatively increased its stake by 10.01 million shares, representing 0.52% of the total share capital, with a total investment of 19.38 million yuan, achieving 50% of its promised increase [1] - The company faced operational losses, leading to financial strain, which diverted funds initially intended for the share buyback to support production and operations [1] - The stock price has consistently remained above the upper limit of the planned buyback price, contributing to the termination of the buyback plan [1] Group 2 - The termination of the buyback plan does not affect the company's control or its listing status [1]
宝泰隆:宝泰隆集团增持1000.18万股股份