Jiangsu Changbao Steeltube Co.,Ltd announces an Equity Buyback for CNY 100 million worth of its shares.
January 07, 2020 at 11:00 am EST
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Jiangsu Changbao Steeltube Co.,Ltd (SZSE:002478) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 7 per share. The program will be valid for 12 months.
Jiangsu Changbao Steeltube Co., Ltd. is a China-based company principally engaged in the research and development, production and sales of special steel pipes such as oil and gas pipes, boiler pipes and mechanical pipes. The Company's main products include oil and gas mining pipes, power stations boiler pipes, mechanical pipes and special pipes for other market segments. The Company's products are mainly used in the fields of energy and machinery industries such as oil and gas mining, power station boilers and machining. Through its subsidiaries, the Company is also engaged in the provision of general medical hospitals services. The Company distributes its products both in the domestic market and to overseas markets.
JIANGSU CHANGBAO STEELTUBE CO.,LTD 
