Jiajia Food Group Co.,Ltd announces an Equity Buyback for CNY 300 million worth of its shares.
December 17, 2021 at 11:00 am
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Jiajia Food Group Co.,Ltd. (SZSE:002650) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of its shares. The shares will be repurchased at a price of CNY 8.45 per share. The repurchased shares will be used for employee stock ownership plans and equity incentives. The program will be valid for a period of 12 months.
On November 14, 2022, the company announced that after the 2022 half year profit distribution, the company adjusted the maximum repurchase price from not more than CNY 8.45 per share to not more than CNY 8.36 per share.
Jiajia Food Group Co., Ltd. is a China-based company principally engaged in the research, development, production and distribution of seasoning products. The Companyâs main products include soy sauce, vinegar, aginomoto, chicken powder, oyster sauce and edible vegetable oil, among others. The Company provides its products under the brand names of Jiajia and Panzhongcan. The Company distributes its products mainly in domestic market, with Central China and East China as its main markets.
JIAJIA FOOD GROUP CO.,LTD 
