Guangdong Fuxin Technology Co., Ltd. announces an Equity Buyback for CNY 50 million worth of its shares.
May 17, 2022
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Guangdong Fuxin Technology Co., Ltd. (SHSE:688662) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The shares will be repurchased at a price not more than CNY 35 per share. The repurchased shares will be used for employee stock ownership plans and equity incentives. The program will be valid for a period of 12 months.
On May 24, 2022, the company announced that it has adjusted the maximum repurchase price to not more than CNY 34.60 per share.
Guangdong Fuxin Technology Co Ltd is a China-based company mainly engaged in the research and development, design, manufacture and sales of semiconductor thermoelectric devices, thermoelectric systems and thermoelectric application products. The Company's products are applied in consumer electronics, communications, medical experiment, automobile, industry, aerospace defense, oil and gas mining and other fields. The Company distributes its products in domestic market and to overseas markets.