Quick Intelligent Equipment Co.,Ltd. commences an Equity Buyback for CNY 60 million under the authorization approved on November 15, 2018.
January 03, 2019
Share
Quick Intelligent Equipment Co.,Ltd. (SHSE:603203) commences share repurchases on January 3, 2019, under the program mandated by the shareholders in the Annual General Meeting held on November 15, 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 30 per share. The program will be funded from company's own funds. The repurchased shares will be used for Equity incentives and ESOP. The repurchase program is valid for a period of 6 months from shareholders' meeting.
Quick Intelligent Equipment Co Ltd is a China-based company mainly engaged in the provision of intelligent equipment and comprehensive solutions. The Company's main products include machine vision process equipment, die-bonding packaging equipment, intelligent manufacturing complete equipment and precision welding assembly equipment. The Company is focused on the fields of semiconductor packaging, new energy vehicle electrification, and precision electronics assembly, among others.
QUICK INTELLIGENT EQUIPMENT CO.,LTD. 
