Ganyuan Foods Co., Ltd. announces an Equity Buyback for CNY 120 million worth of its shares.
August 09, 2021 at 12:00 pm
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Ganyuan Foods Co., Ltd. (SZSE:002991) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million worth of shares. The shares will be repurchased at a price of not more than CNY 85.09 per share. The shares purchased will be used for the company's equity incentive plan or ESOP. The program will be valid till 12 months.
Gan Yuan Foods Co Ltd is a company engaged in research and development, production and sales of snack foods. The Company's products consist of three categories. The roasted seeds and nuts products include melon seeds, broad beans, green peas and peanuts; nuts products include walnuts, almonds, pistachios, macadamia nuts and pine nuts; cereal crisp products include rice crisps, rice crackers, twists and rice noodles. The Company sells its products using distribution model, e-commerce model and other models, and the other models mainly include direct sales from shopping malls and supermarkets and entrusted processing.