Zhejiang Changhua Auto Parts Co., Ltd. announces an Equity Buyback for CNY 120 million worth of its shares.
October 19, 2022 at 05:47 am EDT
Zhejiang Changhua Auto Parts Co., Ltd. (SHSE:605018) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million worth of share capital. Purpose of the repurchase is to enhance the public investment, investorÃs confidence in the company, promote the reasonable return of the company's stock value, and effectively protect the legal rights of all shareholders. The program will be valid till 6 months.
On December 22, 2022, the company announced that it has adjusted its repurchase price from CNY 17 per share to CNY 16.86 per share.