Hengxin Shambala Culture Co., Ltd. commences an Equity Buyback Plan for CNY 200 million worth of its shares, under the authorization approved on September 19, 2018.
January 08, 2019
Share
Hengxin Shambala Culture Co., Ltd. (SZSE:300081) commences share repurchases on January 8, 2019 under the program mandated by the shareholders in the Annual General Meeting held on September 19, 2018. As per the mandate, the company is authorized to repurchase up to CNY 200 million worth of A shares at a purchase price of CNY 12 per share. The shares will be used for the subsequent implementation of equity incentive plan or to be legally cancelled to reduce registered capital accordingly. The program will be valid for 12 months from the date of shareholders’ meeting.
HENGXIN SHAMBALA CULTURE CO.,LTD., formerly HENGXIN MOBILE BUSINESS CO.,LTD., is a China-based company principally engaged in the industries supported by artistic creativity and visual technology. The Company operates through three main segments. The Computer Graphics (CG) and Visual Reality (VR) Content Production segment is mainly involved in the utilization of the Company's own CG and VR virtual reality content creation capabilities to build an image data asset library.The Children Industry Chain Development and Operation segment is mainly involved in the content production of childrenâs intellectual property (IP), channel distribution, derivative product licensing, and operation of the offline theme parks. The Location Based Entertainment (LBE) segment is mainly engaged in the provision of LBE venue design and manufacturing services to customers. Through its subsidiaries, the Company is also engaged in the mobile phone retail business and operator customized end product business.
Hengxin Shambala Culture Co., Ltd. commences an Equity Buyback Plan for CNY 200 million worth of its shares, under the authorization approved on September 19, 2018.
HENGXIN SHAMBALA CULTURE CO.,LTD. 
