Tranche Update on Jiangsu Changbao Steeltube Co.,Ltd's Equity Buyback Plan announced on January 8, 2020.
January 05, 2021 at 07:34 pm
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From October 1, 2020 to December 31, 2020, the company has repurchased 1,608,100 shares, representing 0.17% for CNY 7.71 million. With this, the company has completed the repurchase of 11,612,000 shares, representing 1.21% for CNY 60.6 million under the buyback announced on January 8, 2020.
Jiangsu Changbao Steeltube Co., Ltd. is a China-based company principally engaged in the research and development, production and sales of special steel pipes such as oil and gas pipes, boiler pipes and mechanical pipes. The Company's main products include oil and gas mining pipes, power stations boiler pipes, mechanical pipes and special pipes for other market segments. The Company's products are mainly used in the fields of energy and machinery industries such as oil and gas mining, power station boilers and machining. Through its subsidiaries, the Company is also engaged in the provision of general medical hospitals services. The Company distributes its products both in the domestic market and to overseas markets.