JA Solar Technology Co., Ltd. announces an Equity Buyback for 8,333,333.33 shares, representing 0.52% for CNY 300 million.
May 17, 2021 at 12:00 pm EDT
JA Solar Technology Co., Ltd. (SZSE:002459) announces a share repurchase program. Under the program, the company will repurchase 8,333,333 shares, representing 0.52% of its total share capital, for a total purchase price of CNY 300 million. The shares will be repurchased at a price not exceeding CNY 36 per share. The shares repurchased will be used for equity incentives or employee stock ownership plans. The repurchase program will be valid for 12 months.
On July 23, 2021, the company adjusted the repurchased price per shares from no more than CNY 36 per share to no more than CNY 35.80 per share.