DeHua TB New Decoration Material Co.,Ltd commences an Equity Buyback Plan for CNY 300 million worth of its shares, under the authorization approved on January 8, 2021.
January 11, 2021 at 02:32 pm
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DeHua TB New Decoration Material Co.,Ltd (SZSE:002043) commences share repurchases on January 11, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on January 8, 2021. As per the mandate, the company is authorized to repurchase not more than CNY 300 million worth of its shares. The shares will be repurchased at a price not more than CNY 10 per share. The purchased shares are used to cancel and reduce the registered capital. The plan will be valid for 6 months from shareholders' meeting.
DEHUA TB NEW DECORATION MATERIAL CO.,LTD is a China-based company principally engaged in the research, development, manufacture and distribution of decoration materials. The Company mainly operates through three business segments. Decoration Material segment is mainly engaged in the production and sale decorative plates, paint, wall coatings, wallpaper, decoration hardware, veneer and adhesive products. Home Furnishing segment is mainly engaged in the production and sale of customized household products, such as floor boards, wardrobes, wooden doors and integrated wall panels. Internet Business segment is mainly engaged in electronic commerce agency operation, as well as Internet value-added services and electronic commerce business. The Company is also involved in engineered wood business, adhesive business and exporting business.
DeHua TB New Decoration Material Co.,Ltd commences an Equity Buyback Plan for CNY 300 million worth of its shares, under the authorization approved on January 8, 2021.
DEHUA TB NEW DECORATION MATERIAL CO.,LTD 
