Shenzhen Honor Electronic Co., Ltd. announces an Equity Buyback for CNY 100 million worth of its shares.
March 22, 2022 at 04:52 pm IST
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Shenzhen Honor Electronic Co., Ltd. (SZSE:300870) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 80 per share. The repurchased shares will be used for ESOP or equity incentives. The program will be valid for a period of 12 months.
on June 1, 2022, the company announced that it has adjusted its repurchase price from CNY 80 per share to CNY 79.87 per share.
Shenzhen Honor Electronic Co Ltd is a China-based company mainly engaged in the research, development, production and sales of switching power supply products. The Company's main products include power adapters and server power supplies. Its products are widely used in many fields such as office electronics, set-top boxes, network communications, security monitoring, audio, financial point of sale terminals, data centers, power tools, etc. The Company conducts its businesses within the domestic market and to overseas markets such as Singapore, Hong Kong, South Korea, Thailand, Vietnam, North America, South Africa and the European Union.
SHENZHEN HONOR ELECTRONIC CO., LTD. 
