On December 2, Canadian Solar Inc. (688472.SH) disclosed an update on its share repurchase progress. As of November 30, the company had cumulatively repurchased 35.5192 million shares, accounting for 0.96% of its total share capital, with a total expenditure of approximately 349.8 million yuan. The repurchase price range was between 8.34 yuan and 16.52 yuan per share.
The purpose of this repurchase is to cancel the shares and reduce the registered capital. Currently, the funds utilized have reached 69.97% of the lower limit of the planned repurchase amount.
