Henan Hengxing Science & Technology Co.,Ltd. announces an Equity Buyback for CNY 100 million worth of its shares, under the authorization approved on May 12, 2022.
July 19, 2022 at 12:00 pm
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Henan Hengxing Science & Technology Co.,Ltd. (SZSE:002132) commences share repurchases on July 19, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on May 12, 2022. As per the mandate, the company is authorized to repurchase up to CNY 100 million worth of its A shares. The shares will be purchased at offer price of CNY 10 per share.
The repurchases will be funded by company's own funds or self-raised funds. The shares repurchased will be used for the employee stock ownership plan or equity incentive plan. The program is valid for 12 months.
Henan Hengxing Science & Technology Co Ltd is a China-based company mainly engaged in the research and development (R&D), batch manufacturing and sales of metal products. The Company operates four segments: Metal Products segment, Photovoltaic Products segment, Chemical segment and Others segment. The Metal Products segmentâs products mainly include galvanized steel strand, steel cord, prestressed steel strand, diamond wire, etc., which are mainly used in power cables, posts and telecommunications, extra-high voltage Engineering, automobile tires, highways and other fields. The Photovoltaic Products segmentâs products mainly include silicon ingots, silicon wafers, etc. The Company's products are sold to Asia, Europe, America and other countries and regions.
Henan Hengxing Science & Technology Co.,Ltd. announces an Equity Buyback for CNY 100 million worth of its shares, under the authorization approved on May 12, 2022.
HENAN HENGXING SCIENCE & TECHNOLOGY CO.,LTD. 
