Xinjiang Guannong Fruit & Antler Group Co.,Ltd. commences an Equity Buyback Plan, for CNY 62 million under the authorization approved on December 21, 2018.
January 09, 2019
Share
Xinjiang Guannong Fruit & Antler Group Co.,Ltd. (SHSE:600251) commences share repurchases on January 10, 2019, under the program mandated by the shareholders in the Extraordinary General Meeting held on December 21, 2018. As per the mandate, the company is authorized to repurchase its class A shares, for CNY 62 million. The shares will be purchased at a price not exceeding CNY 7.90 per share. The shares will be purchased form company's own funds. The repurchased shares will be used to implement the company’s equity incentive plan otherwise will be cancelled. The repurchase program is valid for a period of 6 months from shareholders' approval.
Xinjiang Guannong Co Ltd, formerly Xinjiang Guannong Fruit & Antler Co Ltd, is a China-based company mainly engaged in cotton processing, tomato intensive processing and beet sugar refining. Cotton industry includes cotton processing, sales, warehousing and logistics business and cottonseed intensive processing business. The tomato industry includes the production, processing and marketing of tomato products. The sugar industry is the production, processing and sale of beet machine-made sugar. The Company is also engaged in foreign investment business. The Company operates in the domestic market.
Xinjiang Guannong Fruit & Antler Group Co.,Ltd. commences an Equity Buyback Plan, for CNY 62 million under the authorization approved on December 21, 2018.
XINJIANG GUANNONG CO.,LTD. 
