Zhe Jiang Dali Technology Co.,Ltd commences an Equity Buyback Plan, under the authorization approved on December 25, 2019.
January 15, 2020 at 09:30 pm IST
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Zhe Jiang Dali Technology Co.,Ltd (SZSE:002214) commences share repurchases on January 15, 2020, under the program mandated by the shareholders in the Extraordinary General Meeting held on December 25, 2019. As per the mandate, the company is authorized to repurchase its not more than CNY 100 million shares. The shares will be repurchased at a price of not more than CNY 26 per share. The shares will be repurchased out of own funds of the company or self-financed funds. The plan will be valid for 12 months from shareholder's meeting.
ZHE JIANG DALI TECHNOLOGY CO., LTD. is a China-based company principally engaged in the research and development, production and sales of infrared thermal imager series products. The Company's main products include uncooled focal plane detectors, infrared thermal imagers, infrared thermal imaging systems, video surveillance systems and intelligent robots. The Company mainly distributes its products in the domestic market.