Shenzhen JT Automation Equipment Co.,Ltd announces an Equity Buyback for CNY 200 million worth of its shares.
January 09, 2019
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Shenzhen JT Automation Equipment Co.,Ltd (SZSE:300400) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 200 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 24 per share. The purpose of the program is to implement the company’s ESOP/equity incentive plan, for use to convert convertible corporate bonds issued by the company, or to be legally cancelled to reduce registered capital. The program will be valid for 12 months.
SHENZHEN JT AUTOMATION EQUIPMENT CO.,LTD is a China-based company principally engaged in the research, development, production and sale of specialized equipment, as well as the provision of related services. The Company's main products include electronic equipment assembly equipment, display module production equipment, aerospace manufacturing equipment and optical flat panels, such as touch panels (TPs), liquid crystal displays (LCDs) and organic light-emitting diodes (OLEDs). Electronic equipment assembly equipment include wave soldering, reflow, automatic optical inspection (AOI), three dimension (3D) Solder Paste Inspection (SPI) systems and peripheral products. The Company's products are mainly used in consumer electronics, automotive electronics, communications electronics and aerospace electronics. The Company distributes its products mainly in domestic market.
SHENZHEN JT AUTOMATION EQUIPMENT CO.,LTD 
