Tianjin Guifaxiang 18th Street Mahua Food Co., Ltd. commences an Equity Buyback Plan for CNY 100 million, under the authorization approved on December 26, 2018.
January 11, 2019
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Tianjin Guifaxiang 18th Street Mahua Food Co., Ltd. (SZSE:002820) commences share repurchases on January 10, 2019, under the program mandated by the shareholders in the Extraordinary General Meeting held on December 26, 2018. As per the mandate, the company is authorized to repurchase its A shares for a total of CNY 100 million. The shares will be repurchased at a price of CNY 16 per share. The shares repurchased will be used for conversion of corporate bonds issued by the company. If the company fails to use the shares for the afore mentioned purpose within 3 years after the completion of the repurchase program, the shares will then be cancelled. The program will be valid for 6 months from the date of the Shareholder's Meeting.
Tianjin Guifaxiang 18th Street Mahua Food Co Ltd is a China-based company principally engaged in the research and development, production and distribution of Chinese traditional food and other snack food. The Companyâs products mainly include fried dough twist, pastry, moon cake, traditional sweet dumpling, rice dumpling, chestnut, as well as nuts, among others. The Company mainly distributes its products within domestic market, with Tianjin as its major market.
Tianjin Guifaxiang 18th Street Mahua Food Co., Ltd. commences an Equity Buyback Plan for CNY 100 million, under the authorization approved on December 26, 2018.
TIANJIN GUIFAXIANG 18TH STREET MAHUA FOOD CO.,LTD. 
