Tranche Update on Argus Textile Chemicals Co.,Ltd.'s Equity Buyback Plan announced on October 16, 2020.
January 04, 2021
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From October 15, 2020 to December 31, 2020, the company has repurchased 831,500 shares, representing 0.43% for CNY 10 million. With this, the company has completed the repurchase of 831,500 shares, representing 0.43% for CNY 10 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.