Zhejiang Jiahua Energy Chemical Industry Co.,Ltd. commences an Equity Buyback for 143,273,100 shares, for CNY 800 million, the authorization approved on January 7, 2019.
January 17, 2019
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Zhejiang Jiahua Energy Chemical Industry Co.,Ltd. (SHSE:600273) commences share repurchases on January 16, 2019, under the program mandated by the shareholders in the Annual General Meeting held on January 7, 2019. As per the mandate, the company is authorized to repurchase up to than 143,273,100 shares, representing 10% of its issued share capital for CNY 800 million. The repurchase price will not exceed CNY 11 per share. The repurchased shares will be used for ESOP, equity incentives and for conversion of corporate bonds. The plan is valid for 6 months from the date of shareholders' approval.
On May 28, 2019, the company announced that the shares will be repurchased at a price of not more than CNY 10.87 per share.
Zhejiang Jiahua Energy Chemical Industry Co., Ltd. is a China-based company, principally engaged in the provision of steam heating service, and the production of fatty alcohol (acid), chlor-alkali, sulfuric acid series of chemical products and ortho-para series of new chemical products. The Company's products are provided to chemical industries in Jiaxing Port District.
Zhejiang Jiahua Energy Chemical Industry Co.,Ltd. commences an Equity Buyback for 143,273,100 shares, for CNY 800 million, the authorization approved on January 7, 2019.
ZHEJIANG JIAHUA ENERGY CHEMICAL INDUSTRY CO.,LTD. 
