Yantai Shuangta Food Co.,Ltd. announces an Equity Buyback for 20,000,000 shares, representing 1.58% for CNY 160 million.
December 06, 2017
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Yantai Shuangta Food Co.,Ltd. (SZSE:002481) announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000 A shares, representing 1.58% of its share capital, for a total consideration of not more than CNY160 million. The repurchase price shall be not more than CNY8 per share. The repurchase program will be funded from the company's own funds. The shares are repurchased for cancellation and reduction of registered capital. The repurchase program is subject to shareholder approval. The program will run for a period of not more than 6 months after gaining the approval at the shareholders’ meeting.
YANTAI SHUANGTA FOOD CO.,LTD. is a China-based company principally engaged in the production and distribution of agricultural and sideline products. The Companyâs main products include pure bean vermicelli, grain vermicelli, sweet potato vermicelli, pea protein, dietary fiber and edible fungus, among others. The Company distributes its products in domestic market and to overseas markets.
YANTAI SHUANGTA FOOD CO., LTD. 
