Shenzhen Yitoa Intelligent Control Co., Ltd. announces an Equity Buyback for 38,759,700 shares, representing 3.6% for CNY 400 million.
January 18, 2017 at 11:55 am
Share
Shenzhen Yitoa Intelligent Control Co., Ltd. (SZSE:300131) announces a share repurchase program. Under the program, the company will repurchase up to 38,759,700 shares, representing 3.6% of share capital, for a total of CNY 400 million. The shares will be purchased at a price of CNY 10.32 per share. The shares will be repurchased through secondary market, block trading as well as other methods permitted by laws and regulations. The shares will be repurchased until June 30, 2017.
Shenzhen Yitoa Intelligent Control Co.,LTD is a China-based company principally engaged in the research, development, production and distribution of electronic components and intelligent control products. The Companyâs products are categorized into electronic components, living appliances intelligent control products, temperature detection intelligent control products and products of the Internet of things, which include relays, connectors, transistors, modules, integrated circuits, resistors, batteries, magnetic beads, diodes, crystal oscillators, hair pliers electronic intelligent controllers, coffee pot electronic intelligent controllers, hair dryer electronic intelligent controllers and wall furnace intelligent controllers, among others. The Company distributes its products in domestic market and to overseas markets.
SHENZHEN YITOA INTELLIGENT CONTROL CO.,LTD. 
