Tranche Update on Acrel Co.,Ltd.'s Equity Buyback Plan announced on June 15, 2021.
July 01, 2021 at 04:36 am
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From June 15, 2021 to June 30, 2021, the company has repurchased 2,732,900 shares, representing 1.33% for CNY 43.38 million. With this, the company has completed the repurchase of 2,732,900 shares, representing 1.33% for CNY 43.38 million under the buyback announced on June 15, 2021.
Shanghai Acrel Co., Ltd. is a China-based integrator of point data services. The Company's main products include power monitoring systems and products, power management systems and products, electrical safety systems and products and power sensors. The Company's products are mainly used in mining, buildings, hotel apartments, municipal engineering, logistics warehousing, medical and health and rail transportation. The Company distributes its products mainly in domestic market, with Shanghai, Jiangsu Province and Shandong Province as its main markets.