Tranche Update on Argus Textile Chemicals Co.,Ltd.'s Equity Buyback Plan announced on October 16, 2020.
April 01, 2021
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From January 1, 2021 to March 31, 2021, the company has repurchased 1,489,380 shares, representing 0.78% for CNY 15 million. With this, the company has completed the repurchase of 2,320,880 shares, representing 1.22% for CNY 25 million under the buyback announced on October 16, 2020.
Argus Shanghai Textile Chemicals Co Ltd is a China-based company mainly engaged in the research, development, production and sales of dyes and textile auxiliaries. The Company mainly provides dyeing and finishing overall solutions with diversified products, dyeing and finishing and color digital application technology services for printing and dyeing companies and clothing fabric companies. The Company's products include dye products and textile auxiliaries. The dye products mainly include reactive dyes for cellulose, reactive dyes and acid dyes for wool, acid dyes for nylon, disperse dyes for polyester, among others. The textile auxiliary products include pre-treatment, dyeing, printing auxiliaries, functional finishing agents, silicone and wool spinning auxiliaries. The Company's products are used in the dyeing, printing and functional finishing of cellulose fibers, protein fibers, polyamide fibers and polyester fibers.