Yongjin Technology Group Co., Ltd. announces an Equity Buyback for CNY 400 million worth of its shares.
August 28, 2023 at 04:09 am EDT
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Yongjin Technology Group Co., Ltd. (SHSE:603995) announces a share repurchase program. Under the program, the company will repurchase up to CNY 400 million worth of class A shares. The program will be valid till 6 months.
Yongjin Technology Group Co Ltd, formerly Zhejiang Yongjin Metal Technology Co Ltd, is a China-based company principally engaged in research, development, manufacturing and sales of cold-rolled stainless-steel plate and strip. The Company's main products include precision cold-rolled stainless-steel plate and strip and wide cold-rolled stainless-steel plate and strip. Precision cold-rolled stainless-steel plate and strip are mainly used in electronic information, communication optical cables, medical equipment, environmental protection equipment, auto parts, chemicals, and batteries industries. Wide cold-rolled stainless-steel plate and strip are mainly used in building decoration, daily necessities, household appliances, automobile parts, machinery and equipment, environmental protection equipment, hardware, instruments and elevators industries. The Company also offers products such as stainless-steel water pipes, titanium alloys and special materials for cylindrical battery casings.