Hubei Huitian New Materials Co., Ltd. announces an Equity Buyback for CNY 200 million worth of its shares.
March 20, 2023 at 07:07 am EDT
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Hubei Huitian New Materials Co., Ltd. (SZSE:300041) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price not more than CNY 16 per share. The repurchased shares will be used for ESOP or equity incentives. The program will be valid for a period of 12 months.
On May 15, 2023, the company announced that it adjusted upper limit of the repurchase price to CNY 12.21 per share. The adjusted repurchase price ceiling will take effect from May 22, 2023.
Hubei Huitian New Materials Co., Ltd. is a China-based company principally engaged in the research, development, production and sales of adhesives and other new materials. The Company's main products include high-performance organic silicone, polyurethane adhesives, acrylic adhesives, anaerobic adhesives, epoxy adhesives and other engineering adhesives and solar cell back sheets. Its products are mainly used in the fields of automobile manufacturing and maintenance, electronic appliances, rail transportation, new energy, construction machinery and other fields. The Company is also involved in the provision of automotive brake fluids and other automotive maintenance chemicals.
HUBEI HUITIAN NEW MATERIALS CO., LTD. 
