Guangdong Hec Technologyholding Co., Ltd commences an Equity Buyback for CNY 2,000 million worth of its A shares, under the authorization approved on January 21, 2019.
January 29, 2019
Share
Guangdong Hec Technologyholding Co., Ltd (SHSE:600673) commences share repurchases on January 29, 2019, under the program mandated by the shareholders in the Special General Meeting held on January 21, 2019. As per the mandate, the company is authorized to repurchase up to CNY 2,000 million worth of its A shares. The repurchased price will not exceed CNY 11.53 per share. The repurchase plan will be funded from company's own funds. The program is valid for 6 months from the date of shareholders' approval.
Guangdong Hec Technology Holding Co Ltd is a China-based company mainly engaged in the production and sales of electronic components, aluminum foil, new chemical materials and energy materials. The electronic components business is mainly engaged in the research and development, production and sales of electrode foils for aluminum electrolytic capacitors, laminated foils, aluminum electrolytic capacitors and soft magnetic materials. The aluminum foil business is mainly engaged in the production of electronic optical foil, hydrophilic foil, brazing foil and battery aluminum foil. The new chemical materials business is mainly engaged in the production of chlor-alkali chemical products and new environmentally friendly refrigerants. The energy materials business is mainly engaged in the production of lithium iron phosphate and ternary materials. The Company mainly operates its businesses in the domestic and overseas markets.
Guangdong Hec Technologyholding Co., Ltd commences an Equity Buyback for CNY 2,000 million worth of its A shares, under the authorization approved on January 21, 2019.
GUANGDONG HEC TECHNOLOGY HOLDING CO., LTD 
