C&S Paper Co.,Ltd commences an Equity Buyback Plan for CNY 200 million worth of its shares, under the authorization approved on October 9, 2018.
November 02, 2018
Share
C&S Paper Co.,Ltd (SZSE:002511) commences share repurchases on November 2, 2018, under the program mandated by the shareholders in the Extraordinary General Meeting held on October 9, 2018. As per the mandate, the company is authorized to repurchase up to maximum of CNY 200 million worth of Class A shares. The shares will be repurchased at a price of CNY 9.5 per share. The repurchases will be funded using own funds or self-financed funds. The shares repurchased will be used to implement the company’s ESOP; if ESOP cannot be implemented, then the repurchased shares will be used to implement equity incentives or correspondingly could be cancelled. The program will be valid for 6 months from the date of approval of shareholders meeting.
C&S Paper Co.,Ltd is a China-based company principally engaged in the production, processing and sales of household paper products. The Company's main products include roll paper and non-roll paper tissue products. The Company owns brand names of C&S and Sun. The Company distributes its products in the domestic market.
C&S PAPER CO.,LTD 
