Shanghai Jahwa United Co., Ltd. commences an Equity Buyback Plan for CNY 93.44 million worth of its shares, under the authorization approved on September 15, 2021.
November 01, 2021 at 08:03 am IST
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Shanghai Jahwa United Co., Ltd. (SHSE:600315) commences share repurchases on October 29, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on September 15, 2021. As per the mandate, the company is authorized to repurchase up to CNY 93.44 million worth of shares. The shares will be repurchased at a price not more than CNY 75.97 per share. The program is valid for 12 months from the shareholders? approval date.
Shanghai Jahwa United Co., Ltd. is a China-based company principally engaged in the research, development, manufacture and distribution of daily-used chemical products. The Company provides personal cleaning and care products, cosmetics, household cleaning products and perfumes, among others, with brands named Liushen, MAXAM, Jia An, HERBORIST, GIVING and GF. Through its subsidiary, the Company also involves in the provision of hotel services. It operates its businesses primarily in domestic market.
Shanghai Jahwa United Co., Ltd. commences an Equity Buyback Plan for CNY 93.44 million worth of its shares, under the authorization approved on September 15, 2021.