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Western Venture: We have received your suggestions and the company will conduct careful review and consideration.
Securities Star News, Western Development (000557) responded to investor questions on the investor relations platform on February 25.
Investor: Dear Secretary of the Board, hello! According to your company’s third-quarter report, the monetary funds are nearly 1.98 billion yuan, with liabilities only 18 million yuan, so the company is not short of cash. Financial management is limited and slow due to state-owned asset regulations, but share repurchases are clearly supported in the earlier announced “Market Value Management Measures.” Currently, the stock price has been consistently below the transfer price of 6.05 yuan. I suggest the board propose a 200 million yuan buyback and cancellation plan, submit it for shareholder approval, and earnestly fulfill the responsibility of safeguarding state assets’ value and appreciation, while protecting the rights of small and medium investors.
Western Development Secretary: Dear investor, hello! Your suggestion has been received. The company will carefully study and consider it.
The above content is compiled from publicly available information by Securities Star and generated by AI algorithms (Network Information Calculation Backup No. 310104345710301240019). It does not constitute investment advice.