T&S Communications Co.,Ltd. announces an Equity Buyback for CNY 100 million worth of its shares.
January 11, 2021 at 04:44 am EST
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T&S Communications Co.,Ltd. (SZSE:300570) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its class A shares. The shares will be purchased at a price not exceeding CNY 18.5 per share. The program will be funded out of the company's own funds. The repurchased shares will be used for implementation of equity incentives or employee stock ownership plans. The program is valid till earlier of 12 months, or the date when the maximum authorization is utilized, unless terminated by the board.
T&S Communications Co Ltd is a company engaged in research, development, production and sales of optical communication devices and integrated functional modules. The Company's products include optical device products and optical sensing products. The optical device products include passive optical devices and active optical devices, which are used in the construction and maintenance of optical communication networks and data centers. The Company is also involved in the manufacturing of optical fiber sensor monitoring systems for signal monitoring in a range of areas, such as smart grids, petroleum and petrochemicals, as well as transportation.
T&S COMMUNICATIONS CO.,LTD. 
