BRIEF-China Feihe Says Will Repurchase Shares Of Co On Open Market

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BRIEF-China Feihe Says Will Repurchase Shares Of Co On Open Market

Reuters2021-06-09

June 9 (Reuters) - China Feihe Ltd :

* TO REPURCHASE SHARES OF CO ON OPEN MARKET

* PROPOSES TO USE UP TO US$200 MILLION IN FUNDS FOR REPURCHASE

* TO FINANCE REPURCHASE FROM EXISTING AVAILABLE CASH RESERVES & FREE CASH FLOW

* CONFIDENT OF ACHIEVING MEDIUM-TERM BUSINESS TARGET SET FOR 2023 AND LONG-TERM BUSINESS TARGET SET FOR 2028

Further company coverage:

(Reuters.Briefs@thomsonreuters.com)

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Luckylyulie
·2021-07-05
Hope will bounce back
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