China Design Group Co., Ltd. commences an Equity Buyback for CNY 200 million worth of its A shares under the authorization approved on November 13, 2018.
January 16, 2019
Share
China Design Group Co., Ltd. (SHSE:603018) commences share repurchases on January 16, 2019, under the program mandated by the shareholders in the Annual General Meeting held on November 13, 2018. As per the mandate, the company is authorized to repurchase up to CNY 200 million worth of its class A shares. The repurchase price will not exceed CNY 20 per share. The company will use its own funds to repurchase the shares. The repurchased shares will be used to implement the ESOP of company. The plan is valid for 6 months from the date of shareholders' approval.
China Design Group Co Ltd, formerly Huashe Design Group Co Ltd, is mainly engaged in the survey design, planning studies, test, project management and other engineering consulting services. Its core business is the transportation construction engineering survey and design business. The Company operates its businesses primary in domestic market.
China Design Group Co., Ltd. commences an Equity Buyback for CNY 200 million worth of its A shares under the authorization approved on November 13, 2018.
CHINA DESIGN GROUP CO., LTD. 
