NanJi E-Commerce Co., LTD announces an Equity Buyback for CNY 700 million worth of its shares.
January 06, 2021 at 09:30 pm IST
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NanJi E-Commerce Co., LTD (SZSE:002127) announces a share repurchase program. Under the program, the company will repurchase up to CNY 700 million worth of its ordinary A shares. The shares will be repurchased at a price not more than CNY 15 per share. The shares repurchased will be used for equity incentive plans or ESOP. The company intends to use its own funds to repurchase part of the company's shares . The program will be valid for 6 months from the date of approval of shareholders meeting. As of January 5, 2020, the company had 2,454,870,403 shares in outstanding.
NanJi E-Commerce Co Ltd, formerly Jiangsu Xinmin Textile Science & Technology Co Ltd, is a China-based company engaged in the provision of brand integrated services, dealer brand authorization services, mobile Internet marketing services and other businesses. The brand integrated services and dealer brand authorization services mainly provide brand authorization and integrated services to authorized suppliers and distributors. The mobile Internet marketing services refer to the advertising marketing business based on the mobile Internet terminal and promote products and places advertisements on the provider platform for customers as an agent of the mobile traffic media provider. The Company is also engaged in sales of goods and other businesses. The Company mainly conducts business within the domestic market.
NANJI E-COMMERCE CO., LTD 
