Asymchem Laboratories (Tianjin) Co., Ltd. (ASX: 06821) has announced a plan to repurchase its A-shares.
The repurchased shares will be used for implementing an employee stock ownership plan or equity incentive program, as well as for canceling and reducing registered capital.
The total funds allocated for this share repurchase will be no less than RMB 500 million and no more than RMB 700 million.
The maximum repurchase price is set at RMB 246 per share, and the final total repurchase amount will be based on the actual funds utilized.
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