HONG KONG, May 18, 2017 /PRNewswire/ -- Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK), the largest e-commerce platform serving the electronics manufacturing industry in China, today announced that it has resumed the repurchase program (the "Repurchase") to repurchase Cogobuy's issued and outstanding shares.
The Company has determined that the current market price of the Company's shares represents an attractive opportunity for it to recommence to repurchase shares in the open market pursuant to the General Mandate to Repurchase Shares approved by shareholders of the Company on June 2, 2016 and to direct the Trustee to acquire shares pursuant to its Restricted Shares Units Scheme ("RSU Scheme"). The Repurchased Shares will be cancelled and the Acquired Shares will be used to satisfy future awards under the RSU Scheme.
About Cogobuy Group
Cogobuy Group is the largest e-commerce service platform serving the electronics manufacturing industry in China. Through the e-commerce platform, which includes a direct sales platform, an online marketplace, and a dedicated team of technical consultants and professional sales representatives, the Company provides customers with comprehensive online and offline services across pre-sale, sale and post-sale stages. The Company serves mainly SME electronics manufacturers.
For further information, please refer to the Company's website at http://www.cogobuy.com/
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SOURCE Cogobuy Group