Zhejiang Zhengguang Industrial Co., Ltd. announces an Equity Buyback for CNY 20 million worth of its shares.
February 06, 2024 at 06:53 am
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Zhejiang Zhengguang Industrial Co., Ltd. (SZSE:301092) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its shares. The repurchase price shall not exceed CNY 36 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. The source of funds used to repurchase shares is the company?s own funds. The repurchase period is 12 months. As of February 6, 2024, the company had 133,693,484 shares outstanding.
On June 18, 2024, the company adjusted its upper limit on shares repurchase price after the implementation of equity distribution. The company has adjusted repurchase price to CNY 35.74 per share.
Zhejiang Zhengguang Industrial Co Ltd is a China-based company mainly engaged in the research and development (R&D), production and sales of ion exchange and adsorption resins. The Company's products are widely used in industrial water treatment, food and drinking water, nuclear industry, electronics, biomedicine, environmental protection, hydrometallurgy and other fields of the national economy. The Company operates the brands Zhengguang and Hydrolite. The Company's products are also sold to Germany, Switzerland, Russia, Italy, South Korea, the United States, Africa and other countries and regions.
ZHEJIANG ZHENGGUANG INDUSTRIAL CO., LTD. 
