HUANLEJIA Food Group CO.,Ltd commences an Equity Buyback Plan for CNY 200 million worth of its shares, under the authorization approved on February 22, 2024.
February 21, 2024
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HUANLEJIA Food Group CO.,Ltd (SZSE:300997) commences share repurchases on February 22, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on February 22, 2024. As per the mandate, the company is authorized to repurchase to repurchase CNY 200 million worth of its common shares. The shares will be purchased at a price not exceeding CNY 18 per share. The purpose of the program is to reduce registered capital. The repurchased shares will be cancelled. The program will be funded from company's own funds. The program will be valid for 12 months.
On May 13, 2024, the company announced that it has adjusted its share repurchase price to CNY 27.68 per share.
Huanlejia Food Group Co Ltd is a China-based company mainly engaged in comprehensive food production. The Company's products are mainly divided into two categories: the first category is coconut juice vegetable protein drinks, fruit juice drinks, lactic acid bacteria drinks and other beverage products; the second category is canned fruits, canned rice porridge, canned fish and canned eggs. The Company conducts its businesses in the domestic market.
HUANLEJIA Food Group CO.,Ltd commences an Equity Buyback Plan for CNY 200 million worth of its shares, under the authorization approved on February 22, 2024.