Dymatic Chemicals,Inc. announces an Equity Buyback for CNY 100 million worth of its shares.
July 10, 2023 at 03:13 pm IST
Share
Dymatic Chemicals,Inc. (SZSE:002054) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its common stock. The shares will be purchased at a price not exceeding CNY 8 per share. The repurchased shares will be used for the implementation of ESOP or equity incentive plan. The source of funds will be company?s own funds and self-raised funds. The program will be valid for 12 months.
On May 9, 2024, the company amended its share repurchase program. The shares will be repurchased at a price not exceeding CNY 7.93 per share.
DYMATIC CHEMICALS, INC., formerly Dymatic Chemicals Co Ltd, is primarily engaged in the research, development, manufacture and distribution of fine chemical products. The Company's main products are textile auxiliaries, dye printing auxiliaries, paper making auxiliaries, printing inks, paints, polyurethane coating agents and foaming agents, among others. The Company is also involved in trading of farm product and pasture products. The Company distributes its products in domestic and overseas markets.