Tranche Update on Jinneng Science & Technology Co., Ltd.'s Equity Buyback Plan announced on March 13, 2020.
September 07, 2020
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From July 1, 2020 to September 4, 2020, the company has repurchased 1,494,600 shares, representing 0.22% for CNY 19.89 million. With this, the company has completed the repurchase of 7,141,951 shares, representing 1.06% for CNY 75.04 million under the buyback announced on March 13, 2020.
Jinneng Science & Technology Co Ltd is a China-based company mainly engaged in the production and sales of chemical products. The Company's main businesses include fine chemicals, coal chemicals, and petrochemicals. The Company mainly integrates coking and chemical production, coal tar deep processing and carbon black production, p-cresol production, sour alkali and white carbon black production, sorbic acid and potassium sorbate production, methanol co-production of synthetic ammonia, gas turbine combined cycle thermal power co-production and other businesses are integrated. The Company's main products include coke, carbon black, white carbon black, sorbic acid and potassium sorbate, p-methyl phenol, methanol, pure benzene, etc., mainly used in steel, automobiles, plastics, chemical fiber, food, medicine and other industries. The Company distributes its products within the domestic market and to overseas market.