Kuaijishan Shaoxing Rice Wine Co., Ltd. commences an Equity Buyback Plan for CNY 300 million worth of its shares, under the authorization approved on March 13, 2019.
May 09, 2019
Share
Kuaijishan Shaoxing Rice Wine Co., Ltd. (SHSE:601579) commences share repurchases on May 9, 2019, under the program mandated by the shareholders in the Extraordinary General Meeting held on March 13, 2019. As per the mandate, the company is authorized to repurchase shares for not more than CNY 300 million. The shares will be purchased at a price not exceeding CNY 13.54 per share. The company will use its own funds to repurchase the shares. The repurchase program is valid till September 12, 2019.
Kuaijishan Shaoxing Rice Wine Co., Ltd., formerly Kuaijishan Shaoxing Wine Co., Ltd. is a China-based company principally engaged in the Chinese spirit business. The Company mainly operates its business through research and development (R&D), production and sale of Shaoxing yellow spirits. The Companyâs products portfolio consists of midrange and high-end bottled Shaoxing yellow spirits, ordinary bottled Shaoxing yellow spirits and bottled Shaoxing yellow spirits base liquors, among others. The Company provides its products under the brand name of Kuajishan. It distributes its products within domestic market and to overseas markets, including Japan, Singapore, Hong Kong, Macau and others.
Kuaijishan Shaoxing Rice Wine Co., Ltd. commences an Equity Buyback Plan for CNY 300 million worth of its shares, under the authorization approved on March 13, 2019.
KUAIJISHAN SHAOXING RICE WINE CO., LTD. 
