Shenzhen Jufei Optoelectronics Co., Ltd. announces an Equity Buyback for CNY 150 million worth of its shares.
April 23, 2021 at 09:30 pm IST
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Shenzhen Jufei Optoelectronics Co., Ltd. (SZSE:300303) announced a share repurchase program. Under the program, the company will repurchase up to CNY 150 million worth of shares. The shares will be repurchased at a price of not more than CNY 7.5 per share. The purpose of the program is ESOP or equity incentives. The program will be valid for 12 months.
On June 22, 2021, the company announced that it has adjusted the repurchase price to a maximum of CNY 7.40 per share.
SHENZHEN JUFEI OPTOELECTRONICS CO., LTD is a China-based company principally engaged in the research, development, manufacture and distribution of surface mount device light emitting diode (SMD LED) devices. The Company provides backlight LED devices, which are applied in the manufacture of mobile communication terminals, visual telephones, cameras, digital photo frames, industrial instruments, notebook computers, monitors, liquid crystal display (LCD) televisions and network televisions, among others. The Company also provides lighting LED devices, which are applied in interior lighting products, LED road lamps, LED flashlights and LED miner lights, among others. The Company also provides basic network services. The Company mainly operates businesses in domestic market.
SHENZHEN JUFEI OPTOELECTRONICS CO., LTD. 
