Tranche Update on T&S Communications Co.,Ltd.'s Equity Buyback Plan announced on January 11, 2021.
March 17, 2021 at 07:49 am EDT
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From January 11, 2021 to March 15, 2021, the company has repurchased 6,860,066 shares, representing 2.98% for CNY 99.87 million. With this, the company has completed the repurchase of 6,860,066 shares, representing 2.98% for CNY 99.87 million under the buyback announced on January 11, 2021.
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.