China Quanjude(Group) Co.,Ltd commences an Equity Buyback Plan for 3,084,638 shares, representing 1% for CNY 4.46 million, under the authorization approved on March 23, 2020.
September 25, 2020 at 04:41 am
Share
China Quanjude(Group) Co.,Ltd (SZSE:002186) commences a share repurchases on September 24, 2020, under the program mandated by the shareholders in the Extraordinary General Meeting held on March 23, 2020. As per the mandate, the company is authorized to repurchase up to 3,084,638 shares for CNY 4.46 million. The shares will be repurchased at a price not more than CNY 13.50 per share, and the repurchase price was also adjusted to not more than CNY 13.44 per share.
China Quanjude (Group) Co., Ltd. is mainly engaged in the provision of restaurant services, as well as food processing and distribution. The Company operates in two segments. The Chinese Style Food segment provides All-Duck Banquet dishes represented by Quanjude roast duck, Man Han Quan Xi Fangshan dishes, Lu dishes represented by Cong Shao Hai Shen and Chuan dishes. The Food Industry segment is engaged in the production and distribution of Quanjude vacuum packaging, prepared foods and roast duck supplements. The Company owned directly-managed Quanjude restaurants in Beijing, Shanghai, Chongqing, Changchun, Qingdao, Zhengzhou, Hangzhou, Xinjiang, Shenyang, Hefei and others, and directly-managed Fangshan restaurants, directly-managed Fengzeyuan restaurants and directly-managed Sichuan Restaurants, as well as franchised Quanjude restaurants in Mainland China and overseas franchised Quanjude restaurants, and overseas franchised Fengzeyuan restaurant. It also sells processed food.
China Quanjude(Group) Co.,Ltd commences an Equity Buyback Plan for 3,084,638 shares, representing 1% for CNY 4.46 million, under the authorization approved on March 23, 2020.
CHINA QUANJUDE(GROUP) CO.,LTD. 
