Liqun Commercial Group Co., Ltd. announces an Equity Buyback for CNY 200 million worth of its shares.
April 28, 2020 at 11:43 pm EDT
Liqun Commercial Group Co., Ltd. (SHSE:601366) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 200 million worth of its shares. The shares will be repurchased at a price of not more than CNY 10.5 per share. The repurchased shares will be used in the follow-up company equity incentive plan. The shares will be repurchased out of company's own funds. The plan will be valid for 12 months.