Anhui Tatfook Technology Co.,Ltd announces an Equity Buyback for CNY 100 million worth of its shares.
January 20, 2021 at 04:46 pm IST
Share
Anhui Tatfook Technology Co.,Ltd (SZSE:300134) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its A shares. The shares will be repurchased at a price not more than CNY 15.5 per share. The repurchases will be funded using the company's own funds. The shares repurchased will be used for equity incentives or employee stock ownership plans. The program will be valid for 12 months.
Anhui Tatfook Technology Co Ltd, formerly Shenzhen Tatfook Technology Co Ltd, is a China-based company mainly engaged in the research and development, production and sales of mobile communication base station radio frequency products, intelligent terminal products and auto parts. The Company's main products include radio frequency devices, radio frequency structural parts and other communication base station core products, intelligent terminal metal structural parts, precision automotive structural parts and other products. Its products are mainly used in a full range of mobile communication systems. The Company distributes its products in the domestic and overseas markets.