Shenzhen AV-Display Co., Ltd. announces an Equity Buyback for CNY 50 million worth of its shares.
January 26, 2024 at 04:00 pm
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Shenzhen AV-Display Co., Ltd. (SZSE:300939) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The shares will be repurchased at a price not more than CNY 51.52 per share. The shares repurchased will be used to implement employee stock ownership plans or equity incentives. The program will be valid for 12 months.
On May 22, 2024, the company adjusted its upper limit on shares repurchase price after the implementation of equity distribution. The company has adjusted repurchase price to CNY 51.12 per share.
Shenzhen AV-Display Co Ltd is a China-based company mainly engaged in the research, development, design, production and sales of liquid crystal display and touch products. The Company's main products include monochrome liquid crystal displays, monochrome liquid crystal display modules, color liquid crystal display modules and capacitive touch screens. The Company's products are used in industrial control and automation, Internet of Things and smart life, medical health, automotive electronics and other fields. The Company's products are sold to domestic and foreign markets.