Guilin Seamild Foods Co., Ltd commences an Equity Buyback Plan for CNY 51.15 million worth of its shares, under the authorization approved on January 29, 2021.
February 04, 2021 at 11:00 am EST
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Guilin Seamild Foods Co., Ltd (SZSE:002956) commences share repurchases on February 3, 2021, under the program mandated by the shareholders in the Annual General Meeting held on January 29, 2021. As per the mandate, the company is authorized to repurchase up to CNY 51.15 million worth of its common stock. The shares will be repurchased at a price of CNY 33 per share. The program will be funded from company's own funds. The shares repurchased will be used for implementation of equity incentives or employee stock ownership plans. The program will be valid for 12 months from the date when the repurchase plan is approved by the company’s shareholders meeting.
Guilin Seamild Foods Co., Ltd. is a China-based company principally engaged in the research and development, production and sales of oatmeal food. The Company's main product is the Seamild brand oatmeal, which includes pure oats series oatmeal and composite series oatmeal. Among them, the pure oat series oatmeal mainly includes green oatmeal series and organic oatmeal series. The composite series oatmeal mainly includes Western Australia sunshine milk oatmeal series, balanced nourishing oatmeal series and middle-aged nutrition oatmeal series. The Company's mainly distributes its products in the domestic market.
Guilin Seamild Foods Co., Ltd commences an Equity Buyback Plan for CNY 51.15 million worth of its shares, under the authorization approved on January 29, 2021.
GUILIN SEAMILD FOODS CO., LTD 
