Jinzai Food Group Co.,Ltd. announces an Equity Buyback for CNY 80 million worth of its shares.
February 24, 2023 at 11:00 am EST
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Jinzai Food Group Co.,Ltd. (SZSE:003000) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at a price not more than CNY 16 per share. The purpose of the program is to use shares repurchased for ESOP or equity incentives. The plan will be valid for 12 months.
On April 25, 2023, the company announced that it adjusted the maximum repurchase price from not more than CNY 16 per share to not more than CNY 15.78 per share.
Jinzai Food Group Co Ltd is a China-based company mainly engaged in the research and development, production and sales of Chinese-style snacks. The Company's main products include three categories of "fish products, poultry products, and soy products", and six product series of "deep-sea fish, quail eggs, dried tofu, dried meat, konjac, and vegetarian meat". The Company's main brands are "Jinzi", "Xiaodan Yuanyuan", "Bie Meijin", "Boweiyuan", "Zhou Xianxian" and others The main flavors include spicy, spicy, sauce, stewed, sweet and sour and others