Tranche Update on Acrel Co.,Ltd.'s Equity Buyback Plan announced on June 15, 2021.
September 22, 2021 at 08:49 am
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From July 1, 2021 to September 22, 2021, the company has repurchased 439,700 shares, representing 0.22% for CNY 7.02 million. With this, the company has completed the repurchase of 3,172,600 shares, representing 1.55% for CNY 50.4 million under the buyback announced on June 15, 2021.
Shanghai Acrel Co., Ltd. is a China-based integrator of point data services. The Company's main products include power monitoring systems and products, power management systems and products, electrical safety systems and products and power sensors. The Company's products are mainly used in mining, buildings, hotel apartments, municipal engineering, logistics warehousing, medical and health and rail transportation. The Company distributes its products mainly in domestic market, with Shanghai, Jiangsu Province and Shandong Province as its main markets.