Fujian Qingshan Paper Industry Co., Ltd. commences an Equity Buyback Plan for CNY 400 million worth of its shares, under the authorization approved on November 13, 2020.
December 16, 2020
Share
Fujian Qingshan Paper Industry Co., Ltd. (SHSE:600103) commences share repurchases on December 16, 2020, under the program mandated by the shareholders in the Extraordinary General Meeting held on November 13, 2020. As per the mandate, the company is authorized to repurchase shares for not more than CNY 400 million. The shares will be purchased at a price not exceeding CNY 2.5 per share. The repurchase will be funded from company's own or self-raised funds. The repurchase program is valid for a period of 6 months from shareholders' approval.
Fujian Tsingshan Paper Co Ltd is a comprehensive papermaking company integrating pulping, papermaking, power generation and heat supply, alkali recovery, medicine, optoelectronics, and raw material forest base development. The Company is mainly engaged in the production and sales of bamboo and wood pulp, pulp (dissolving pulp), paper bag paper, paper products, optoelectronic products, pharmaceutical products, forest products and other products and their trade operations. The Company's main products are Qingshan brand series of stretchable bag paper, kraft wrapping paper, dissolving pulp and other products. The company's products are sold all over the China and in international markets.
Fujian Qingshan Paper Industry Co., Ltd. commences an Equity Buyback Plan for CNY 400 million worth of its shares, under the authorization approved on November 13, 2020.
FUJIAN QINGSHAN PAPER INDUSTRY CO., LTD. 
