Ningbo Shuanglin Auto Parts Co.,Ltd. announces an Equity Buyback for CNY 60 million worth of its shares.
February 27, 2024 at 03:58 am EST
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Ningbo Shuanglin Auto Parts Co.,Ltd. (SZSE:300100) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The repurchase price will not more than CNY 12 per Share. The repurchased shares will be used for employee stock ownership plan or equity incentives. The repurchase period will be not more than 12 months.
On May 21, 2024, the company amended its share repurchase program. The shares will be repurchased at a price not exceeding CNY 11.9 per share.
Ningbo Shuanglin Auto Parts Co Ltd is a China-based company engaged in the research and development, manufacturing and sales of automotive parts. The Company operates mainly through four business segments. The Interior and Exterior and Electromechanical Components segment mainly produces automotive interior and exterior system components, including bumpers, door panels and pillars. Automotive precision injection molding parts include airbag covers, oil drums and ignition coils. The segment produces automotive injection molds. The Hub Bearing Components segment mainly develops, produces and sells automotive bearings and car hub bearing units. The New Energy Motors segment is engaged in the research and development, production and sales of electric drive systems for new energy electric vehicles, and its products include drive motors and automatic transmissions. The Other segment produce automotive seat horizontal drives, ball screws and seat motors.
NINGBO SHUANGLIN AUTO PARTS CO.,LTD. 
