Tranche Update on Shanghai Guangdian Electric Group Co., Ltd.'s Equity Buyback Plan announced on February 19, 2021.
May 19, 2021 at 08:15 am IST
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From April 1, 2021 to May 17, 2021, the company has repurchased 3,169,075 shares, representing 0.34% for CNY 15.81 million. With this, the company has completed the repurchase of 81,899,681 shares, representing 8.75% for CNY 271.32 million under the buyback announced on February 19, 2021.
Shanghai Guangdian Electric Group Co., Ltd. is a China-based company principally engaged in the research, development, manufacture and sales of power transmission and distribution equipment and control equipment, as well as the provision of related services. The Company operates its business mainly through three segments. The Complete Equipment segment provides 40.5 kilovolt (VK) or below alternating current (AC) medium voltage switchgears, ring main units (RMUs), AC low voltage switchgears, direct current (DC) switchgears, power cabinets and boxes, control cabinets and boxes and lighting boxes. The Components segment provides 40.5 kV and below medium-voltage circuit breakers, low-voltage circuit breakers and intelligent control components. The Power Electronics segment provides high voltage inverters and active filters. The Company distributes its products mainly in domestic market.
SHANGHAI GUANGDIAN ELECTRIC GROUP CO., LTD. 