Nanjing Xinjiekou Department Store Co., Ltd. commences an Equity Buyback Plan for CNY 100 million worth of its shares, under the authorization approved on June 30, 2022.
July 19, 2022
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Nanjing Xinjiekou Department Store Co., Ltd. (SHSE:600682) commences a share repurchases on July 19, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on June 30, 2022. As per the mandate, the company is authorized to repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 13.81 per share. The purpose of the program is to maintain the value of the company. The company will use its own funds to repurchase its shares. The program will be valid for a period of 3 months from the date of approval.
On July 20, 2022, the company announced that it has adjusted share repurchase price from CNY 13.81 share to CNY 13.78 per share.
Nanjing Xinjiekou Department Store Co Ltd is a China-based company mainly engaged in health and elderly care services. The Company operates six segments. Department segment is principally engaged in the retail business of department stores. Health Care segment's businesses includes home, community, and institutional care services, research and development of hematopoietic stem cell technology, and research and development of cancer cell immunotherapy products. Real Estate segment is mainly engaged in real estate development. The Company also conducts other businesses through Property segment, Hotel segment and Others segment.
Nanjing Xinjiekou Department Store Co., Ltd. commences an Equity Buyback Plan for CNY 100 million worth of its shares, under the authorization approved on June 30, 2022.
NANJING XINJIEKOU DEPARTMENT STORE CO., LTD. 
