Guangzhou Jointas Chemical Joint Stock Co.,Ltd. commences an Equity Buyback Plan for CNY 60 million, under the authorization approved on November 22, 2018.
December 12, 2018
Share
Guangzhou Jointas Chemical Joint Stock Co.,Ltd. (SZSE:002909) commences share repurchases on December 12, 2018, under the program mandated by the shareholders in the Annual General Meeting held on November 22, 2018. As per the mandate, the company is authorized to repurchase for CNY 60 million. The repurchase price will not exceed CNY 19 per share. The plan is valid for 6 months from the date of approval at shareholders' meeting.
Guangzhou Jointas Chemical Co Ltd is a China-based company principally engaged in the research, development, production and sale of coatings and sealant products, as well as the provision of related services. The Company's main products include silicone sealants, water-based sealants, other sealants, asphalt paint and water-based paint. The Company's products are used in various areas, such as construction, home decoration, container manufacturing, steel structure manufacturing, petrochemical equipment and ship yacht equipment. The Company distributes its products mainly in domestic market.
Guangzhou Jointas Chemical Joint Stock Co.,Ltd. commences an Equity Buyback Plan for CNY 60 million, under the authorization approved on November 22, 2018.
GUANGZHOU JOINTAS CHEMICAL CO., LTD. 
