Goertek Inc. announces an Equity Buyback for CNY 1,000 million worth of its shares.
January 29, 2021 at 11:00 am EST
Goertek Inc. (SZSE:002241) announces a share repurchase program. Under the program, the company will repurchase up to CNY 1,000 million worth of its Class A shares. The shares will be repurchased at a price not exceeding CNY 39 per share. The repurchased will be financed through company's own funds. The purpose of the program is to implement employee stock ownership plan or equity incentive plan. The program will be valid for a period of 6 months.