Zhejiang Jiahua Energy Chemical Industry Co.,Ltd. commences an Equity Buyback Plan for CNY 200 million worth of its shares, under the authorization approved on April 21, 2023.
June 27, 2023
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Zhejiang Jiahua Energy Chemical Industry Co.,Ltd. (SHSE:600273) commences a share repurchases on June 26, 2023, under the program mandated by the shareholders in the Extraordinary General Meeting held on April 21, 2023. As per the mandate, the company is authorized to repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price not more than CNY 13.10 per share. The purpose of the program is to improve the company's incentive mechanism, combining the interests of shareholders, the company and employees, and enhancing the company's long-term development. The repurchased shares will be used for equity incentives and reduction of the company's registered capital. The program will be funded from company's own funds. The program will be valid for 12 months.
On September 20, 2023, the company adjusted its share repurchase price to CNY 12.40 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 Plan for CNY 200 million worth of its shares, under the authorization approved on April 21, 2023.
ZHEJIANG JIAHUA ENERGY CHEMICAL INDUSTRY CO.,LTD. 
