Limin Chemical Co., Ltd. announces an Equity Buyback for CNY 50 million worth of its shares.
September 01, 2017
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Limin Chemical Co., Ltd. (SZSE:002734) commences share repurchases in September 2017, under the program mandated by the shareholders in the Extraordinary General Meeting held on May 17, 2017. As per the mandate, the company is authorized to repurchase up to CNY 50 million worth of its shares. The shares will be repurchased at a price not more than CNY 30 per share. The authorization is valid for 12 months from the date of approval of the shareholders meeting.
Limin Group Co., Ltd., formerly Limin Chemical Co., Ltd., is a China-based company principally engaged in the research, development, production and sales of pesticides and preparations. The Company mainly provides germicide products, including mancozeb, cymoxanil, fosetyl-aluminum and pyrimethanil, among others. It also provides pesticides such as thiacloprid and other formulations, and herbicides such as mesotrione. The Company distributes its products within domestic market and to overseas markets.
LIMIN GROUP CO.,LTD. 
