Limin Group Co., Ltd. commences an Equity Buyback Plan for CNY 50 million worth of its shares, under the authorization approved on September 6, 2021.
September 07, 2021 at 03:37 pm EDT
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Limin Group Co., Ltd. (SZSE:002734) commences a share repurchases on September 6, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on September 6, 2021. 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 16.98 per share. The company will use its own funds to repurchase its shares. The authorization will valid for a period of 12 months from the date of shareholders approval.
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. 
