Guangdong Yizumi Precision Machinery Co., Ltd. commences an Equity Buyback Plan up to CNY 45 million, under the authorization approved on August 9, 2018.
September 05, 2018
Share
Guangdong Yizumi Precision Machinery Co., Ltd. (SZSE:300415) commences share repurchases on September 5, 2018, under the program mandated by the shareholders in the Extraordinary General Meeting held on August 9, 2018. As per the mandate, the company is authorized to repurchase up to CNY 45 million worth of its shares. The shares will be repurchased at a price of CNY 16 per share. The purpose of the share repurchases is for equity incentives or ESOP. The program is valid within 12 months after the approval resolution date of shareholders meeting.
Yizumi Holdings Co Ltd, formerly Guangdong Yizumi Precision Machinery Co Ltd, is a China-based company primarily engaged in the design, research, development, manufacture and sales of special machinery and equipment for molding use and the provision of related services. The Company's main products include injection molding machines, die-casting machines, rubber machines, high-speed packaging systems, molds and robotic automation systems, which are mainly used in household appliances, automobiles, medical devices and packaging. The Company mainly operates its businesses in the domestic and overseas markets.
Guangdong Yizumi Precision Machinery Co., Ltd. commences an Equity Buyback Plan up to CNY 45 million, under the authorization approved on August 9, 2018.
YIZUMI HOLDINGS CO., LTD. 
