TREE NEWS update: Skyverse (中科飞测) chairman and general manager Chen Lu, also the company’s actual controller, proposed a share buyback via centralized bidding with total funds of no less than RMB 100 million and no more than RMB 150 million. The price cap is 150% of the 30-trading-day average before the board approves the plan, and the repurchased shares will fund equity incentives or an employee share ownership plan within 12 months of board approval.
Skyverse Chairman Chen Lu Proposes RMB 100-150 Million Share Buyback
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