Henan Hengxing Science & Technology Co.,Ltd. commences an Equity Buyback for CNY 60 million worth of its shares, under the authorization approved on December 25, 2018.
January 10, 2019
Share
Henan Hengxing Science & Technology Co.,Ltd. (SZSE:002132) commences share repurchases on January 10, 2019 under the program mandated by the shareholders in the Extraordinary General Meeting held on December 25, 2018. As per the mandate, the company is authorized to repurchase class A shares, for not more than CNY 60 million. The shares will be purchased at a price not exceeding CNY 5 per share. The repurchase program will be funded from company's own funds. The repurchase program is valid for a period of 12 months form shareholders' approval.
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. commences an Equity Buyback for CNY 60 million worth of its shares, under the authorization approved on December 25, 2018.
HENAN HENGXING SCIENCE & TECHNOLOGY CO.,LTD. 
