Tranche Update on Shandong Xinneng Taishan Power Generation Co.,Ltd.'s Equity Buyback Plan announced on March 7, 2019.
February 29, 2020
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From January 1, 2020 to February 27, 2020, the company has repurchased 1,960,100 shares, representing 0.16% for CNY 3.47 million. With this, the company has completed the repurchase of 33,119,391 shares, representing 2.57% for CNY 162.6 million under the buyback announced on March 7, 2019.
Shandong Xinneng Taishan Power Generation Co Ltd is a China-based company mainly engaged in industrial park development, comprehensive asset operation and bulk commodity supply chain business. The Company operates its businesses through four segments. The Real Estate Sales segment is mainly engaged in the sales of residences, hotels, shops, and office buildings. The Wire And Cable segment is mainly engaged in the research and development, manufacturing and sales of wire and cable, optical fiber cable, power optical cable and other products. The Main Commodities of Supply Chain business segment include communication cables and power cables. The Property Service segment mainly provides comprehensive asset operation services such as customer service, equipment, security, cleaning, landscaping, catering, and conference affairs. The Company mainly operates its business in the domestic market.