Zanyu Technology Group Co., Ltd. commences an Equity Buyback Plan for 10% of its issued share capital, for CNY 342 million, under the authorization approved on December 8, 2021.
January 28, 2022 at 11:00 am
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Zanyu Technology Group Co., Ltd. (SZSE:002637) commences share repurchases on January 28, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on December 8, 2021. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital for CNY 342 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 22.8 per share.
The company will use its own funds. The plan is valid for no more than 6 months from the date when the company's general meeting of shareholders approve the plan.
Zhejiang Zanyu Technology Co., Ltd. is principally engaged in the research, development, manufacture and distribution of surfactants. The Company also involves in related technology transfer business, technical service provision, testing operations, as well as import and export trading business. The Company primarily provides surfactants, including anion and nonionic surfactants; oleochemicals, including refined glycerine and natural fatty alcohol. Through its subsidiaries, the Company is also engaged in the production and distribution of leather chemicals, textile dyeing and printing auxiliaries, plastic auxiliaries and others. The Company distributes its products in both domestic markets and overseas markets.
Zanyu Technology Group Co., Ltd. commences an Equity Buyback Plan for 10% of its issued share capital, for CNY 342 million, under the authorization approved on December 8, 2021.
ZANYU TECHNOLOGY GROUP CO., LTD. 
