Tranche Update on Dazhong Transportation Co., Ltd.'s Equity Buyback Plan announced on March 31, 2020.
January 06, 2021
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From October 1, 2020 to December 31, 2020, the company has repurchased 6,906,250 shares, representing 0.3% for CNY 25 million. With this, the company has completed the repurchase of 45,251,893 shares, representing 1.92% for CNY 170 million under the buyback announced on March 31, 2020.
Dazhong Transportation Group Co Ltd is a China-based company principally engaged in the transport and automobile service business, the financial investment business, the property and hotel business and the big data business. The Company operates its businesses through six segments. Transport segment is mainly engaged in taxi operations, car rental and modern logistics. Tourism and Catering Services segment is mainly involved in hotel accommodation, catering and tourism services, conferences and exhibitions. Information Technology Services segment is mainly engaged in Internet data center (IDC) hosting and other businesses. Real Estate segment is mainly engaged in the independent development and sale of residential and commercial premises. Captive Finance segment is mainly involved in microfinance business. Others segment is mainly involved in other related businesses. The Company mainly conducts its businesses in the domestic market and overseas markets.