Huizhou Desay SV Automotive Co., Ltd. (SZSE:002920) announces a share repurchase program. Under the program, the company will repurchase up to CN 600 million worth of its shares The shares will be repurchased at a price not more than CNY 120 per share. The shares repurchased will be used to implement the equity incentive plan or employee stock ownership plan.
The program will be funded using own funds and repurchase special loans. The program is valid for 3 months.
