Suzhou Iron Technology CO.,LTD. announces an Equity Buyback for CNY 123.52 million worth of its shares.
May 08, 2022 at 10:44 pm EDT
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Suzhou Iron Technology CO.,LTD. (SHSE:688329) announces a share repurchase program. Under the program, the company will repurchase up to CNY 123.52 million worth of its RMB ordinary A shares. The shares will be repurchased at a price of not exceeding CNY 40 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. The company will repurchase its shares from its own funds. The program will be valid for a period a period of 12 months.
On July 7, 2022, the company announced that it has adjusted its share repurchase price per share from CNY 40 per share to CNY 39.50 per share.
Suzhou Iron Technology Co Ltd is a China-based company mainly engaged in the research and development of medical supplies intelligent management equipment and software information platforms. The Company provides overall solutions for the intelligent management of medical supplies for medical service organizations at all levels. Its products mainly include intelligent medical supplies management equipment and software information platforms covering automated pharmacies, automated wards, automated logistics, maintenance and technical service sectors. The Company's products are mainly used in the intelligent management of medicines, consumables and other medical supplies, and are used in large and medium-sized hospitals, community hospitals, medical supply chain service companies, urban central pharmacies, and automatic centralized Chinese medicine decoction centers.
SUZHOU IRON TECHNOLOGY CO.,LTD 