Sanyang Motor Co., Ltd. announces an Equity Buyback for 6,000,000 shares, representing 0.75% for TWD 6,343.71 million.
May 13, 2022 at 08:35 am EDT
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Sanyang Motor Co., Ltd. (TWSE:2206) announces a share repurchase program. Under the program, the company will repurchase up to 6,000,000 common shares, representing 0.75% of its issued share capital, for a total of TWD 6,343.71 million. The shares will be repurchased within the price range of TWD 19 per share to TWD 30 per share.
The purpose of the repurchased program is to protect company reputation and shareholder equity. The repurchase program will continue until July 15, 2022. As of May 13, 2022, the company has no shares in treasury.
SANYANG MOTOR CO., LTD., formerly Sanyang Industry Co Ltd, is principally engaged in the manufacture and distribution of motor vehicles and spare parts. The Company provides scooters, including products of MIO, Tonik, GTS, RV, Fiddle, Symphony, VS, HD and Citycom series, among others; all terrain vehicles (ATVs), including Track Runner, Quad Lander and Quad Raider series, and automobiles, including products of PORTER, ELANTRA, and i35 GAS series, among others. It also provides electric bicycles and buses, as well as related parts and accessories. The Company distributes its products primarily in Taiwan, Europe, the Americas, Africa, Australia, Hong Kong, Macau, Japan and Southeast Asia.
SANYANG MOTOR CO., LTD. 
