CXMT stock news
On October 17, 2026, ChangXin Memory Technologies (CXMT, SHA: 688825) disclosed that its Board of Directors received a formal proposal from Chairman Zhu Yiming to repurchase the company's A--shares valued between 1 billion yuan and 2 billion yuan (approximately $149.6 million to $299.6 million). The share buyback is planned to be conducted via centralized competitive bidding through the Shanghai Stock Exchange over a 12--month period, funded by the company's internal capital or self--raised funds, with the purchase price capped at 150% of the average trading price over the preceding 30 trading days. The acquired shares are designated for employee equity incentive programs, employee stock ownership plans, or capital reduction through cancellation, subject to board and shareholder approval. CXMT is scheduled to release its official third--quarter 2026 financial results on October 31, 2026.