Digital China Group (SHE:000034) plans to repurchase shares worth between 100 million yuan and 200 million yuan, according to a Friday filing on the Shenzhen Stock Exchange.
The Chinese technology services provider will buy back up to 2.5 million shares for 40 yuan per share within 12 months after the approval of the board of directors, the filing added.
Shares of the company rose 3% at the close of trade.
Price (RMB): ¥22.89, Change: ¥+0.67, Percent Change: +3.02%
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