Ningbo Jifeng Auto Parts Co., Ltd. announces an Equity Buyback for CNY 100 million worth of its shares.
May 05, 2022 at 05:33 am EDT
Ningbo Jifeng Auto Parts Co., Ltd. (SHSE:603997) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 10 per share. The repurchased shares will be used to safeguard the company's value and shareholders' rights. The program will be valid for a period of 3 months.
On July 14, 2022, the company announced that it has adjusted its repurchase price to CNY 15 per share.