ST Longyu Must Meet Buyback Duties Amid Delisting in Shanghai
ST Longyu, facing delisting from the Shanghai stock exchange, is required to repurchase shares through centralized bidding. This move is designed to ensure compliance with regulatory standards while aiming to stabilize investor confidence during a tumultuous period for the company.
The buyback initiative is critical for protecting shareholder interests and maintaining market integrity. As the delisting process unfolds, adherence to these obligations will be closely monitored, reflecting the company's commitment to upholding its responsibilities to investors.
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