Tranche Update on Acrel Co.,Ltd.'s Equity Buyback Plan announced on December 9, 2019.
January 03, 2020
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From December 9, 2019 to December 31, 2019, the company has repurchased 4,347,150 shares, representing 2.08% for CNY 48.54 million. With this, the company has completed the repurchase of 4,347,150 shares, representing 2.08% for CNY 48.54 million under the buyback announced on December 9, 2019.
Acrel Co Ltd is a China-based company primarily engaged in the production and sale of enterprise microgrid products and systems. The Company conducts its businesses primarily through three segments. The Enterprise Microgrid Systems and Products segment is engaged in the research and development, production, sales and service of equipment and systems required for energy efficiency management of medium and low voltage enterprise microgrids. The Contract Energy Management segment provides enterprise microgrid energy visualization management and energy data services. The Power Services Business segment is engaged in power services business. The Company mainly conducts its businesses in domestic and overseas markets.