Shandong Taihe Water Treatment Technologies Co., Ltd. commences an Equity Buyback Plan for CNY 150 million worth of its shares, under the authorization approved on October 10, 2022.
October 26, 2022 at 05:00 pm
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Hubei Fuxing Science and Technology Co.,Ltd (SZSE:000926) commences share repurchases on October 26, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on October 10, 2022. As per the mandate, the company is authorized to repurchase class A shares for not more than CNY 150 million. The shares will be purchased at a price not exceeding CNY 30 per share. The repurchase will be funded from company's own funds. The repurchased shares will be used for implementation of employee stock ownership plans or equity incentives. The repurchase program is valid for a period of 12 months from shareholders' approval.
On August 1, 2023, the company announced that it adjusted the repurchase price to not more than CNY 29.54 per share.
Shandong Taihe Technologies Co Ltd, formerly Shandong Taihe Water Treatment Technologies Co., Ltd., is a China-based company mainly engaged in the research and development, production and sales of water treatment agents. The Company's main products include water treatment agents and co-products, including scale inhibitors, corrosion inhibitors, biocides & algicides, chelating agents, dispersing agents, reverse osmosis agents, detergent auxiliaries and others. The Company conducts its businesses within the domestic market and to overseas markets.
Shandong Taihe Water Treatment Technologies Co., Ltd. commences an Equity Buyback Plan for CNY 150 million worth of its shares, under the authorization approved on October 10, 2022.
SHANDONG TAIHE TECHNOLOGIES CO., LTD. 