Enlightify Inc. Announces Share Repurchase Plan
Enlightify Inc. (NYSE: ENFY), a Chinese producer and distributor of humic acid-based compound fertilizers, has announced a share repurchase program approved by its board of directors. The company plans to repurchase up to 2,000,000 shares of its common stock at a price not exceeding $3.00 per share.
The program is scheduled to be completed by the end of 2025, with progress updates to be disclosed in quarterly and annual reports. Repurchases may be executed through open market purchases, privately negotiated transactions, or other methods, subject to securities laws compliance. CEO Zhuoyu Li stated that the program reflects confidence in the company's long-term growth and commitment to shareholder value, noting current market undervaluation.
The execution will depend on market conditions, financial position, and adherence to the price cap, with the company reserving the right to modify, suspend, or terminate the program without prior notice.
Enlightify Inc. (NYSE: ENFY), un produttore e distributore cinese di fertilizzanti a base di acido umico, ha annunciato un programma di riacquisto di azioni approvato dal suo consiglio di amministrazione. L'azienda prevede di riacquistare fino a 2.000.000 di azioni del suo capitale sociale a un prezzo non superiore a 3,00 $ per azione.
Il programma dovrebbe concludersi entro la fine del 2025, con aggiornamenti sui progressi che saranno comunicati nei rapporti trimestrali e annuali. I riacquisti possono essere effettuati attraverso acquisti sul mercato aperto, transazioni privatamente negoziate o altri metodi, nel rispetto delle leggi sui titoli. Il CEO Zhuoyu Li ha dichiarato che il programma riflette la fiducia nella crescita a lungo termine dell'azienda e l'impegno verso il valore per gli azionisti, sottolineando la sottovalutazione attuale del mercato.
L'esecuzione dipenderà dalle condizioni di mercato, dalla situazione finanziaria e dal rispetto del limite di prezzo, con l'azienda che si riserva il diritto di modificare, sospendere o terminare il programma senza preavviso.
Enlightify Inc. (NYSE: ENFY), un productor y distribuidor chino de fertilizantes compuestos a base de ácido húmico, ha anunciado un programa de recompra de acciones aprobado por su junta directiva. La compañía planea recomprar hasta 2,000,000 de acciones de su capital social a un precio que no exceda $3.00 por acción.
El programa está programado para completarse a finales de 2025, con actualizaciones sobre el progreso que se revelarán en reportes trimestrales y anuales. Las recompras pueden llevarse a cabo a través de compras en el mercado abierto, transacciones negociadas de forma privada u otros métodos, cumpliendo con las leyes de valores. El CEO Zhuoyu Li declaró que el programa refleja la confianza en el crecimiento a largo plazo de la empresa y el compromiso con el valor para los accionistas, resaltando la subvaluación actual del mercado.
La ejecución dependerá de las condiciones del mercado, de la situación financiera y del cumplimiento del límite de precio, reservándose la compañía el derecho de modificar, suspender o cancelar el programa sin previo aviso.
Enlightify Inc. (NYSE: ENFY), 중국의 후미산 기반 복합 비료 생산 및 유통 업체가 이사회의 승인을 받은 자사주 매입 프로그램을 발표했습니다. 회사는 최대 2,000,000주의 보통주를 주당 3.00달러를 초과하지 않는 가격으로 매입할 계획입니다.
이 프로그램은 2025년 말까지 완료될 예정이며, 진행 상황 업데이트는 분기 및 연간 보고서에서 공개될 것입니다. 매입은 공개 시장 구매, 개인적으로 협상된 거래 또는 기타 방법을 통해 실행될 수 있으며, 증권법 준수를 전제로 합니다. CEO Zhuoyu Li는 이 프로그램이 회사의 장기 성장에 대한 신뢰와 주주 가치를 향한 헌신을 반영하며, 현재 시장의 저평가를 강조한 것이라고 말했습니다.
실행은 시장 상황, 재무 상태 및 가격 상한 준수에 따라 달라지며, 회사는 사전 통지 없이 프로그램을 수정, 중단 또는 종료할 권리를 보유합니다.
Enlightify Inc. (NYSE: ENFY), un producteur et distributeur chinois d'engrais composés à base d'acide humique, a annoncé un programme de rachat d'actions approuvé par son conseil d'administration. L'entreprise prévoit de racheter jusqu'à 2 000 000 d'actions de ses actions ordinaires à un prix ne dépassant pas 3,00 $ par action.
Le programme devrait être terminé d'ici à la fin 2025, avec des mises à jour sur l'avancement qui seront divulguées dans des rapports trimestriels et annuels. Les rachats peuvent être exécutés par le biais d'achats sur le marché libre, de transactions négociées en privé ou d'autres méthodes, sous réserve de la conformité aux lois sur les valeurs mobilières. Le PDG Zhuoyu Li a déclaré que le programme reflète la confiance dans la croissance à long terme de l'entreprise et l'engagement envers la valeur des actionnaires, notant la sous-évaluation actuelle du marché.
L'exécution dépendra des conditions du marché, de la situation financière et du respect du plafond de prix, l'entreprise se réservant le droit de modifier, suspendre ou mettre fin au programme sans préavis.
Enlightify Inc. (NYSE: ENFY), ein chinesischer Produzent und Verteiler von auf Huminsäure basierenden Mischdüngemitteln, hat ein von seinem Vorstand genehmigtes Aktienrückkaufprogramm angekündigt. Das Unternehmen plant, bis zu 2.000.000 Aktien seiner Stammaktien zu einem Preis von höchstens 3,00 $ pro Aktie zurückzukaufen.
Das Programm soll bis Ende 2025 abgeschlossen sein, mit Fortschrittsupdates, die in vierteljährlichen und jährlichen Berichten veröffentlicht werden. Rückkäufe können durch offene Marktkäufe, privat verhandelte Transaktionen oder andere Methoden erfolgen, vorausgesetzt die Einhaltung der Wertpapiergesetze. CEO Zhuoyu Li erklärte, dass das Programm das Vertrauen in das langfristige Wachstum des Unternehmens und das Engagement für den Aktionärswert widerspiegelt und die derzeitige Marktunterbewertung hervorhebt.
Die Durchführung hängt von den Marktbedingungen, der finanziellen Situation und der Einhaltung der Preisobergrenze ab, wobei das Unternehmen sich das Recht vorbehält, das Programm ohne vorherige Ankündigung zu ändern, auszusetzen oder zu beenden.
- Authorization to repurchase up to 2 million shares indicates confidence in company's value
- Share buyback program could potentially increase earnings per share
- Price cap of $3.00 per share provides clear parameters for investors
- Program execution is conditional on market conditions and company's financial position
- Company reserves right to modify or terminate program without notice
- Price cap at $3.00 might limit buyback effectiveness if stock price rises above this level
Insights
The
Several critical aspects emerge: First, assuming full execution at the maximum price, this represents a potential
The open-ended nature of the execution method - allowing for open market, private transactions, or other approaches - provides tactical flexibility but also introduces uncertainty about the actual implementation pace. A important consideration is that this announcement comes without specific details about funding sources or the company's current cash position, which leaves questions about the program's impact on operational liquidity.
The market's reaction will likely depend on how investors interpret this capital allocation decision in the context of alternative uses of cash, such as operational investment or debt reduction. The relatively long execution window might dampen immediate market impact, as it suggests a gradual rather than catalytic implementation strategy.
This share repurchase announcement carries particular significance in the context of Chinese agricultural companies listed on U.S. exchanges. The decision to initiate a buyback program might be interpreted as an effort to boost investor confidence, especially given the historical volatility and skepticism often faced by U.S.-listed Chinese companies.
The timing and structure of this program deserve scrutiny. The
From a market sentiment perspective, this announcement serves dual purposes: it signals management's confidence while potentially providing price support. However, the extended timeline through 2025 might limit the immediate price support effect. The program's flexibility regarding execution methods suggests a strategic approach to market dynamics, allowing management to optimize timing and method based on market conditions.
XI’AN, CHINA, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Enlightify Inc. (NYSE: ENFY) (“Enlightify” or the “Company” and formerly China Green Agriculture, Inc.), a company that mainly produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its subsidiaries in China, today announced that its board of directors has approved a share repurchase program under which the Company plans to repurchase up to 2,000,000 shares of its common stock, at a price not exceeding
Under the plan, the company may repurchase shares from time to time through open market purchases, privately negotiated transactions, or other methods, in compliance with applicable securities laws.
“We believe that market is undervaluing Enlightify. This repurchase program reflects our confidence in the company’s long-term growth and commitment to delivering value to our shareholders,” said Zhuoyu Li, CEO of Enlightify Inc.
The company notes that the execution of the repurchase program will depend on various factors, including market conditions, the company’s financial position, and adherence to the specified price cap. The company may modify, suspend, or terminate the program at any time without prior notice.
For further details, please refer to the current report on Form 8-K filed with the SEC.
About Enlightify Inc.
The Company produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its wholly owned subsidiaries, i.e.: Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. (“Jinong”), Beijing Gufeng Chemical Products Co., Ltd (“Gufeng”) and variable interest entities. In 2023, the Company started to purchase digital asset mining machines and established Antaeus Tech Inc. (“Antaeus”) in the State of Delaware and mined digital assets bitcoins in the State of Texas.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the Company’s business, products and financial results. The Company’s actual results may differ materially from those anticipated in the forward-looking statements depending on a number of risk factors including, but not limited to, the following: general economic, business and environment conditions; development, shipment, market acceptance, additional competition from existing and new competitors; interest rate and currency exchange rate fluctuations; the impact of the recent global outbreak of novel coronavirus disease (COVID-19); technological advances, new products attained by competitors; challenges inherent in new product development; the company’s ability to accurately predict future market conditions; manufacturing difficulties or delays; financial instability of economies and sovereign risk; dependence on the effectiveness of the company’s protections for innovative products; the exposure to litigation and/or regulatory actions, and various other factors beyond the Company’s control. All forward-looking statements are expressly qualified in their entirety by this Safe Harbor Statement and the risk factors detailed in the Company’s reports filed with the SEC. China Green Agriculture undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release, except as required by applicable law or regulations.
For more information, please contact:
Enlightify Inc.
Tel: +86-29-88266383
Email: info@cgagri.com
SOURCE Enlightify Inc.
FAQ
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