The repurchase price will not exceed 100 yuan per share, with an estimated 50 million to 100 million shares to be acquired—representing 0.65% to 1.30% of Midea’s total outstanding shares. The buyback program is expected to run for 12 months following shareholder approval.
At least 70% of the repurchased shares will be canceled to reduce registered capital, while the remainder may be allocated to employee stock incentive plans or an employee持股 plan (ESOP). The move signals Midea’s confidence in its long-term value and aims to enhance shareholder returns.
Analysts suggest the buyback could boost investor sentiment and improve earnings per share (EPS) by reducing outstanding stock. The company’s strong cash position supports the aggressive repurchase strategy amid current market conditions.
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