Shenzhen V&T Technologies Co., Ltd. commences an Equity Buyback Plan for CNY 30 million worth of its shares, under the authorization approved on April 23, 2021.
April 29, 2021 at 12:00 pm EDT
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Shenzhen V&T Technologies Co., Ltd. (SZSE:300484) commences share repurchase on April 29, 2021, under the program mandated by the shareholders in the shareholders meeting held on April 23, 2021. As per the mandate, the company is authorized to repurchase up to CNY 30 million worth of its shares. The shares will be repurchased at a price not exceeding CNY 18 per share. The company intends to use its own funds to repurchase shares. The shares repurchased will be used to implement the company's equity incentive plan. The repurchase authorization will be valid for 12 months from the date of meeting.
Shenzhen V&T Technologies Co., Ltd. is a China-based company principally engaged in the research and development, manufacture and sale of industrial automation control products. The Companyâs main products consist of electric vehicle motor controllers, middle- and low-voltage inverters and servo drivers. The Companyâs products are mainly applied in various industries, such as new energy vehicle, crane, air compressor, machine tool, printing and packaging, metallurgy, oil, injection molding machine and press-casting machine. The Company distributes its products mainly in domestic market.
Shenzhen V&T Technologies Co., Ltd. commences an Equity Buyback Plan for CNY 30 million worth of its shares, under the authorization approved on April 23, 2021.
SHENZHEN V&T TECHNOLOGIES CO., LTD. 