Tranche Update on Kingnet Network Co., Ltd.'s Equity Buyback Plan announced on January 22, 2021.
March 29, 2021 at 09:30 pm IST
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From January 20, 2021 to March 29, 2021, the company has repurchased 21,947,300 shares, representing 1.02% for CNY 100 million. With this, the company has completed the repurchase of 21,947,300 shares, representing 1.02% for CNY 100 million under the buyback announced on January 22, 2021.
KINGNET NETWORK CO., LTD., formerly TAIYA SHOES CO., LTD., is a China-based company, principally engaged in the research, development and operation of network games, as well as the distribution of mobile application products. The Company operates its businesses through four segments, including Application Products Distribution, Games Distribution, Web Games and Mobile Network Games. The Company is also engaged in the development, transfer, consulting of computer technologies, the distribution of computer software and hardware products, as well as the import and export of goods and technologies. It distributes its products primarily in domestic market and to overseas markets.