Yitai Coal increases by more than 4% and intends to repurchase all issued H shares at a premium of about 8.97%.

[Yitai 03948.HK plans to buy back all issued H shares at a premium of about 8.97%] Yitai Coal (Yitai Coal) rose 4.23% as of press time. According to the announcement, the company proposed to buy back all issued H shares, involving 326 million shares, with an offer price of HK $17.50 per share, a premium of 8.97 per cent over the closing price on the previous trading day. The capital involved is about 5.705 billion Hong Kong dollars. If the offer becomes unconditional, the company will apply to the Stock Exchange for cancellation of the listing of H shares. At the same time, it is proposed to maintain the listing status of B shares on the Shanghai Stock Exchange.