China Boqi Environmental Co., Ltd. commences an Equity Buyback Plan for 100,710,680 shares, representing 10% of its issued share capital, under the authorization approved on June 3, 2021.
September 29, 2021 at 05:30 am EDT
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China Boqi Environmental (Holding) Co., Ltd. (SEHK:2377) commences share repurchases on September 29, 2021, under the program mandated by the shareholders in the Annual General Meeting held on June 3, 2021. As per the mandate, the company is authorized to repurchase up to 100,710,680 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value and/or earnings per share for the company. The repurchases will be financed out of funds available for the purpose and in accordance with the Articles of Association and the Cayman Companies Act. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual general Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting. As of June 3, 2021, the company had 1,007,106,799 shares in issue.
China Boqi Environmental (Holding) Co., Ltd. is an investment holding company mainly engaged in the provision of flue gas treatment integrated services. Along with subsidiaries, it operates its business through four segments. The Environment Protection Facility Engineering (EPC) segment provides project design, procurement of equipment and materials, project construction and equipment installment and testing services. The Concession Operation segment is involved in construction of infrastructure or acquisition of existing infrastructure from grantor, operation and maintenance of flue gas treatment project for a pre-defined period and transfer the ownership of the infrastructure to the customer. The Operation and Maintenance segment provides operation service and regular maintenance service for desulfurization and denitrification facilities and dust removal facilities. The Others segment provides design service, sewage treatment, as well as sale of by-products and others.
China Boqi Environmental Co., Ltd. commences an Equity Buyback Plan for 100,710,680 shares, representing 10% of its issued share capital, under the authorization approved on June 3, 2021.
CHINA BOQI ENVIRONMENTAL (HOLDING) CO., LTD. 
