Guangdong Topstar Technology Co., Ltd. announces an Equity Buyback for CNY 50 million worth of its shares.
November 03, 2023 at 06:33 am EDT
Share
Guangdong Topstar Technology Co., Ltd. (SZSE:300607) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 50 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 22.80 per share. The repurchased shares will be used for ESOP or equity incentives. The plan will be valid for 12 months.
On June 5, 2024, the company amended its share repurchase program. The shares will be repurchased at a price not exceeding CNY 22.76 per share. The adjusted price shall take affect from June 14, 2024.
Guangdong Topstar Technology Co Ltd is a company engaged in research, development, manufacturing and sales of intelligent equipment software and hardware. The Company's products include industrial robots and automated application systems, injection molding machines, supporting equipment and automatic feeding systems, intelligent energy and environmental management systems. Its products are used in a range of areas, including computers, communications and consumer electronics, new energy, automobile parts manufacturing and household appliances.
GUANGDONG TOPSTAR TECHNOLOGY CO., LTD. 
