UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2019
Commission File Number: 001-37750
YINTECH INVESTMENT HOLDINGS LIMITED
12th Floor, Block B, Zhenhua Enterprise Plaza
No.3261 Dongfang Road, Pudong District
Shanghai, 200125
Peoples Republic of China
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F x Form 40-F o
Indicate by check mark whether the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark whether the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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YINTECH INVESTMENT HOLDINGS LIMITED | |
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Date: May 31, 2019 |
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By: |
/s/ Wenbin Chen |
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Name: |
Wenbin Chen |
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Title: |
Chief Executive Officer |
Yintech Reports US$20 Million Share Repurchase Program
SHANGHAI, May 31, 2019 /PRNewswire/ Yintech Investment Holdings Limited (NASDAQ: YIN) (Yintech or the Company), a leading provider of investment and trading services for individual investors in China, today announced its Board of Directors approved a share repurchase program, effective on June 2, 2019, under which Yintech is authorized to purchase up to US$20.0 million worth of its outstanding American depositary shares (ADSs) over the next 12 months. Yintechs proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means depending on market conditions and other factors as well as subject to relevant rules under United States securities regulations. All repurchased shares will be cancelled.
The share repurchase program will be funded with Yintechs available cash balance. As of March 31, 2019, Yintech had cash and short term investments of approximately RMB 1,753.2 million (US$261.2 million).
About Yintech
Yintech (NASDAQ: YIN) is a leading provider of investment and trading services for individual investors in China. Yintech strives to provide best-in-class financial information, investment tools and services to its customers by leveraging financial technology and mobile platforms. Currently, Yintech is focused on the provision of gold and other commodities trading services, securities advisory services, securities information platform services, overseas securities trading services and asset management services.
For investor and media inquiries, please contact:
Yvonne Young
Phone: +86 21 2028 9009 ext 8270
E-mail: ir@yintech.cn