Zhejiang Jasan Holding Group Co., Ltd. commences an Equity Buyback Plan for CNY 200 million worth of its shares, under the authorization approved on January 20, 2021.
January 27, 2021
Share
Zhejiang Jasan Holding Group Co., Ltd. (SHSE:603558) commences share repurchases on January 27, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on January 20, 2021. As per the mandate, the company is authorized to repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at at a price not exceeding CNY 13.72 per share. The shares repurchased will be used to reduce the company's capital. The repurchases will be funded using the company's own funds. The repurchase program will be valid for 12 months from the date of approval of shareholders.
Zhejiang Jasan Holding Group Co Ltd is engaged in the manufacturing and trading of men's socks, women's socks, children's socks, pantyhose and sport socks. The Company markets its products in Japan, Europe, Australia and other countries and regions.
Zhejiang Jasan Holding Group Co., Ltd. commences an Equity Buyback Plan for CNY 200 million worth of its shares, under the authorization approved on January 20, 2021.
ZHEJIANG JASAN HOLDING GROUP CO., LTD. 
