ZTE Corporation (000063.SZ) announced its intention to repurchase A shares using its own funds through centralized bidding transactions. The repurchased shares will be used for employee stock ownership plans or equity incentives.
The total repurchase amount will range between 1 billion yuan and 1.2 billion yuan (inclusive). Based on the upper limit of 1.2 billion yuan and a maximum repurchase price of 63.09 yuan per share, the company expects to buy back approximately 19.02 million shares, accounting for about 0.40% of its current total share capital.
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