SDIC Capital Co.,Ltd announces an Equity Buyback for CNY 400 million worth of its shares.
October 27, 2023
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SDIC Capital Co.,Ltd (SHSE:600061) announces a share repurchase program. Under the program, the company will repurchase up to CNY 400 million. The repurchase price will not be more than CNY 8.46 per share.
Shares repurchased will be used for company?s convertible bonds. The program will be valid for 12 months.
SDIC Capital Co., Ltd, formerly SDIC Essence (Holdings) Co., Ltd, is a China-based company principally engaged in the securities business. The Company operates through five segments. The Brokerage segment manily includes brokerage business of securities and futures and the agent sales of financial products. Entrusted Asset Management segment mainly includes the pooled asset management, directional asset management and specific asset management. Proprietary Business segment mainly invests the Companyâs funds in equity securities, fixed income securities and derivatives and is involved in the market making business in the new over-the-counter (OTC) market. Investment Banking segment includes stock financing, bond financing, mergers and acquisitions and financial advisory services. Margin Trading segment includes margin trading, stock pledged repo and agreed-to-repurchase securities.
SDIC CAPITAL CO.,LTD 
