ARTS Group Co., Ltd announces an Equity Buyback for CNY 60 million worth of its shares.
February 23, 2024
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ARTS Group Co., Ltd (SHSE:603017) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 10 per share. The purpose of the program is to safeguard the company's value and shareholders' rights. The shares repurchased by the company will be used for sale in accordance with relevant regulations. The program will be valid for 3 months.
On May 15, 2024, the company announced that it has adjusted its repurchase price from CNY 10 per share to CNY 12.5 per share.
ARTS Group Co., Ltd., formerly SUZHOU INDUSTRIAL PARK DESIGN & RESEARCH INSTITUTE CO.,LTD., is a China-based company principally engaged in the provision of design and engineering integrated services. The Company is mainly engaged in the engineering design, engineering general contracting, construction supervision and project management service businesses in the construction area. The Companyâs businesses cover public, civil and industrial construction areas. The Company operates its businesses in domestic market.