Kaiser Culture Co., LTD announces an Equity Buyback for CNY 100 million worth of its shares.
August 03, 2021 at 12:00 pm
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Shang Gong Group Co., Ltd. (SHSE:900924) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 13.34 per share. The repurchased shares will be used for equity incentive or ESOP. The plan will be valid for 12 months.
Kaiser China Culture Co Ltd is a company mainly engaged in cultural and entertainment business. The Company operates two segments: Pan Culture and Entertainment Business segment and Clothing Business segment. The Pan Culture and Entertainment Business segment specifically includes copyright operation, online game research and development (R&D) and operation, etc. The R&D and operation of online games are mainly mobile online games. The copyright operation refers to the development of IP copyrights such as best-selling literary works, film and television copyrights or animation copyrights into games, animation, TV dramas, film and television products. The Clothing Business segment is mainly engaged in the sales of finished clothing.
KAISER (CHINA) CULTURE CO., LTD 
