CNGR Advanced Material Co.,Ltd. announces an Equity Buyback for CNY 290 million worth of its shares.
August 24, 2023 at 07:24 am EDT
CNGR Advanced Material Co.,Ltd. (SZSE:300919) announces a share repurchase program. Under the program, the company will repurchase up to CNY 290 million worth of its shares. The shares will be repurchased at a price not more than CNY 88 per share. The repurchased shares will be used for ESOP or equity incentives. The program will be valid for a period of 12 months.
On May 29, 2024, the company amended its share repurchase program. The shares will be repurchased at a price not exceeding CNY 62.14 per share.