Sichuan Haite High-tech Co., Ltd. announces an Equity Buyback for CNY 200 million worth of its shares.
February 01, 2021 at 09:30 pm IST
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Sichuan Haite High-tech Co., Ltd. (SZSE:002023) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its common stock. The shares will be repurchased at a price of CNY 20 per share. The program will be funded from company's own funds. The repurchase of shares will be used for equity incentives and/or employee stock ownership plans. The program will be valid for 12 months.
Sichuan Haite High-tech Co., Ltd. is a China-based company principally engaged in aviation related businesses. The Company operates through five segments. Aviation New Technology Development and Manufacture segment is engaged in the research and development of aircraft avionics, mechanical accessories, ground testing equipment and flight simulators. Microelectronics segment is engaged in the research, development and manufacture of semiconductor integrated circuit chips. Aviation Training segment is engaged in the provision of pilot training and flight attendant training and the development of flight simulators. Aviation Leasing segment is engaged in finance leasing business. Aviation Maintenance segment is engaged in the repair and maintenance of aircrafts and related components. The Company operates businesses in both domestic and overseas markets.