The Chinese oil and gas giant, SINOPEC CORP (00386), has executed a share repurchase. On June 18, the company initiated the buyback of its A-shares, purchasing 11.75 million shares. This repurchase represents approximately 0.010% of the company's total share capital. The shares were acquired at prices ranging from a high of RMB 4.84 per share to a low of RMB 4.71 per share. The total expenditure for this transaction amounted to RMB 55.9639 million, excluding any associated transaction fees. This buyback was conducted through a centralized bidding method on the exchange.
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