Zhejiang Supor's (SHE:002032) registered capital will be reduced following a share buyback plan, according to a Shenzhen Stock Exchange disclosure on Tuesday.
The Chinese cookware manufacturer will repurchase and cancel 178,674 restricted shares, which did not meet the 100% lifting of the restriction conditions in the first assessment period of the company's 2022 Restricted Stock Incentive Plan.
After the buyback and cancellation, the company's share capital will decline to roughly 801.4 million shares from 801.5 million shares, the disclosure said.
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