Titan Wind Energy Co., Ltd. commences an Equity Buyback Plan for 10,000,000 shares, representing 0.56% of its issued share capital for CNY 50 million, under the authorization approved on November 14, 2018.
December 10, 2018
Share
Titan Wind Energy (Suzhou) Co., Ltd. (SZSE:002531) commences share repurchases on December 10, 2018, under the program mandated by the shareholders in the Extraordinary General Meeting held on November 14, 2018. As per the mandate, the company is authorized to repurchase up to 10,000,000 A shares, representing 0.56% of its issued share capital for CNY 50 million. The shares will be repurchased at a price of CNY 5 per share. The shares repurchased will be used for ESOP. The program will be funded from company's own funds or self-raised funds. The program will be valid for 12 months from the date of the Shareholder's Meeting.
Titan Wind Energy (Suzhou) Co., Ltd. is a China-based company principally engaged in the production and distribution of wind towers and wind tower parts and components. The Company is also engaged in the development, investment, construction and operation of wind power projects, as well as the provision of investment, financing and financial services. The Company distributes its products in domestic market and to overseas markets.
Titan Wind Energy Co., Ltd. commences an Equity Buyback Plan for 10,000,000 shares, representing 0.56% of its issued share capital for CNY 50 million, under the authorization approved on November 14, 2018.