Jiangsu Maysta Chemical Co., Ltd. announces an Equity Buyback for 3,600,000 shares, for CNY 63 million.
October 28, 2022
Share
Jiangsu Maysta Chemical Co., Ltd. (SHSE:603041) announces a share repurchase program. Under the program, the company will repurchase not more than 3,600,000 ordinary shares for CNY 63 million. The shares will be repurchased at a price not more than CNY 17.5 per share. The shares repurchased will be used for equity incentives or employee stock ownership plans. The program will be valid for not more than 12 months.
On June 16, 2023, the company announced that after the 2022 profit distribution, the company adjusted the maximum repurchase price from not more than CNY 17.5 per share to not more than CNY 17.36 per share.
JIANGSU MAYSTA CHEMICAL CO., LTD. is a China-based company principally involved in the research, development, manufacture and sales of polyurethane foam stabilizers. The Company operates through two main segments. The Main Business segment is mainly engaged in the production and sales of rigid foam stabilizers, flexible foam stabilizers and oil field chemicals. The Other Business segment is mainly engaged in the provision of customized technology support and services for clients.
JIANGSU MAYSTA CHEMICAL CO., LTD. 
