Ningbo Huaxiang Electronic Co., Ltd. announces an Equity Buyback for CNY 215 million worth of its shares.
January 24, 2022 at 03:36 am EST
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Ningbo Huaxiang Electronic Co., Ltd. (SZSE:002048) announces a share repurchase program. Under the program, the company will repurchase up to CNY 215 million worth of shares. The shares repurchased will be used for employee stock ownership plans or equity incentives.
The company will used its own funds to fund the repurchase program. The program is valid for 6 months.
Ningbo Huaxiang Electronic Co., Ltd. is a China-based company, principally engaged in the design, development, manufacture and distribution of automobile components. The Company's main products consist of interior and exterior trims, including instrument panels, center channel assemblies, front and rear windshields, spoilers, roofs, bellows; automotive chassis accessories; air-conditioning accessories; automotive engine accessories; automotive electrical and electronic accessories; metal stampings and others. The main supporting models of its products include BMW 3, 5 and X series; Mercedes-Benz C-Class and E Class series, and Tiguan, New Passat, New Sunny, Audi Q5, Audi A6L, Sagitar, Golf A7, Skoda, Roewe, Crown, Reiz, Corolla, Teana and others. The Company distributes its products within domestic market and to overseas markets.
NINGBO HUAXIANG ELECTRONIC CO., LTD. 
