Shenzhen Gongjin Electronics Co., Ltd. (ASX: 603118) has announced its intention to repurchase its own shares.
The company plans to allocate between 1.5 billion and 2 billion yuan for the share repurchase program.
The maximum price set for the buyback is 22.54 yuan per share.
The repurchased shares are designated for use in the company's future employee stock ownership plan and/or equity incentive schemes.
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