Acrel Co.,Ltd. announces an Equity Buyback for CNY 100 million worth of its shares.
May 05, 2022 at 03:41 am
Share
Acrel Co.,Ltd. (SZSE:300286) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its shares. The shares will be repurchase at a price not more than CNY 20 per share. The repurchased shares will be used for the later implementation of the equity incentive plan or employee stock ownership plan. The program will be valid for a period of 12 months.
On October 27, 2022, the company announced that share repurchase price will be adjusted from CNY 20 per share to CNY 19.80 per share.
Acrel Co Ltd is a China-based company primarily engaged in the production and sale of enterprise microgrid products and systems. The Company conducts its businesses primarily through three segments. The Enterprise Microgrid Systems and Products segment is engaged in the research and development, production, sales and service of equipment and systems required for energy efficiency management of medium and low voltage enterprise microgrids. The Contract Energy Management segment provides enterprise microgrid energy visualization management and energy data services. The Power Services Business segment is engaged in power services business. The Company mainly conducts its businesses in domestic and overseas markets.