Kweichow Moutai (SHA:600519) plans to repurchase shares worth between 3 billion yuan and 6 billion yuan, according to a Saturday filing on the Shanghai Stock Exchange.
Each share will be priced up to 1795.78 yuan and will be bought back 12 months after the board of directors approves the proposal.
The repurchased shares will be canceled, reducing the Chinese liquor manufacturer's registered capital, the filing said.
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