Yangzhou Yangjie Electronic Technology Co., Ltd. commences an Equity Buyback Plan for CNY 100 million worth of its shares, under the authorization approved on August 18, 2023.
September 01, 2023 at 12:00 pm EDT
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Yangzhou Yangjie Electronic Technology Co., Ltd. (SZSE:300373) commences share repurchases on September 1, 2023 under the program mandated by the shareholders in the Extraordinary General Meeting held on August 18, 2023. As per the mandate, the company is authorized to repurchase maximum up to CNY 100 million worth of its own shares. The shares will be repurchased at a price of CNY 58 per share. The purpose of the program is to implement the company?s equity incentive or ESOP. The plan will be valid for 12 months from the Extraordinary General Meeting
On June 5, 2024, the company announced that it has adjusted its share repurchase price to not more than CNY 57.40 per share.
Yangzhou Yangjie Electronic Technology Co.,Ltd. is a China-based company engaged in the semiconductor spare components business. The Company operates its business through research, development, manufacture and sale of semiconductor spare components, including discrete device chips, power diodes, bridge rectifiers and others. The Companyâs products portfolio consists of bridge rectifiers; diodes, including high efficient diodes, super fast diodes, fast recovery diodes, general purpose diodes, schottky diodes, zener diodes and small signal switching diodes, transient voltage suppressors, as well as power modules. The Companyâs products are mainly applied in the photovoltaic, light emitting diode (LED) lightings, automobile electronics, power supplies and others. The Company mainly operates its business in domestic and overseas markets.
Yangzhou Yangjie Electronic Technology Co., Ltd. commences an Equity Buyback Plan for CNY 100 million worth of its shares, under the authorization approved on August 18, 2023.