Asia Cuanon Technology Co.,Ltd. announces an Equity Buyback for CNY 100 million worth of its shares.
January 25, 2021
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Asia Cuanon Technology (Shanghai) Co., Ltd. (SHSE:603378) announces a share repurchase program. Under the program, the company will repurchase class A shares, for not more than CNY 100 million. The shares will be purchased at a price not more than CNY 60 per share. The repurchase program will be funded from company's own funds. The repurchased shares will be used for implementing the company's equity incentive plan. The repurchase program is valid till January 25, 2022.
On April 23, 2021, the company announced that the company has changed its repurchased price from CNY 60 per share to CNY 80 per share.
Asia Cuanon Technology Shanghai Co Ltd is a China-based company mainly engaged in the research and development, production, sales and service of functional building coatings, building insulation and decoration integrated materials, building energy-saving insulation materials, waterproof materials, mortar, and new home materials. The Company's products include six major product systems: functional building coatings, building insulation and decoration integrated materials, building energy-saving insulation materials, waterproof materials, mortar, and new home materials.