Hangzhou Zhongya Machinery Co., Ltd. announces an Equity Buyback for CNY 80 million worth of its shares.
May 11, 2021 at 12:00 pm EDT
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Hangzhou Zhongya Machinery Co., Ltd. (SZSE:300512) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 80 million worth of its shares. The shares will be repurchased at a price of not more than CNY 15 per share. The repurchased shares will be used for equity incentives/employee stock ownership plans and for the conversion of the company's convertible bonds. The shares will be repurchased out of own funds of the company or self-raised funds. The plan will be valid for 12 months.
On July 15, 2021, the company adjusted the purchase price per share from no more than CNY 15 per share to no more than CNY 14.96 per share.
On February 8, 2022, the company adjusted the purchase price per share from no more than CNY 14.96 per share to no more than CNY 14.91 per share.
On June 25, 2022, the company adjusted the purchase price per share from no more than CNY 14.91 per share to no more than CNY 9.94 per share.
HANGZHOU ZHONGYA MACHINERY CO LTD is a China-based company principally engaged in the research and development, manufacture and sales of intelligent packaging equipment. The Companyâs main products include various types of filling and sealing equipment, intelligent after packaging equipment and hollow container blow molding equipment. The Companyâs products are mainly applied in dairy product, healthcare, edible oil, daily chemical, condiment and beverage industries, among others. The Company also provides integrated solutions for customers, such as the design and planning of packaging production line, engineering and installation, life cycle maintenance of equipment and matching supply of plastic packaging products. The Company operates its businesses in domestic and overseas markets.
HANGZHOU ZHONGYA MACHINERY CO., LTD. 
