The share repurchase program began on May 2, 2018 and is expected to be completed by the second quarter. The 1.5 million shares to be repurchased accounted for approximately 1.1% of the company's issued share capital. Based on the current stock price, the value of this repurchase is approximately 38 million euros (equivalent to approximately RMB 290 million). Philips Lighting announced on the 2nd that it will start repurchasing more than 1.5 million shares, which the company will use to offset the debt generated by the long-term incentive performance share plan and other employee shareholding plans. The share repurchase program began on May 2, 2018 and is expected to be completed by the second quarter. The 1.5 million shares to be repurchased accounted for approximately 1.1% of the company's issued share capital. Based on the current stock price, the value of this repurchase is approximately 38 million euros (equivalent to approximately RMB 290 million). Philips Lighting intends to hold the repurchased shares in the Finance Department until the employee share incentives are completed. In addition, the share repurchase program will be implemented by an intermediary agency under the authority of the annual general meeting of shareholders on May 9, 2017, in accordance with relevant laws and regulations during the opening and closing of the open market. It is reported that Philips Lighting successfully completed the repurchase of 2.2 million shares on February 27, 2018, with a total amount of approximately 71 million euros (equivalent to approximately RMB 552 million). In addition, Philips Lighting will update the repurchase of shares in a one-week press release and will also be posted on the company's website. (
CNC Welding
HDPE plastic pipe welding equipment with CNC control system is called full-automatically polyethylene welding equipment. CNC Pipe Butt Welding Machine performs the joining process of different plastic pipes and fittings using the heat fusion method. It includes HDPE,PP, PVDF options. Integrated CNC control ensures correct welding procedures including temperature, time and pressure functions. It can avoid operator's error and stop welding if any mistake during welding process. CNC Poly Fusion Machines really improve welding quality and get high efficiency of butt-fusion. Furthermore,The use of high quality pressure-cast Aluminium castings allows for lower weight without compromising strength and performance, while providing extra strength when welding out-of-round pipe. CNC Thermofusion pipe welding machine, which is produced under a high technology with special design of fusion machines, has the principle of working on the logic of the hydraulic system.
Wuxi Yuda Plastic Pipe Welding Machine has fully-automatic fusion welding plastic welder from 40-2600mm. you can view RDH-A series Automatic HDPE Pipe Fusion Machine and RDH-AR series CNC hdpe fusion machines.
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