Leshan Giantstar Farming & Husbandry (SHA:603477) plans to buy back between 150 million yuan and 300 million yuan of shares, according to a Friday filing with the Shanghai Stock Exchange.
The agricultural company plans to use its own funds and a 210 million yuan loan from Industrial Bank (SHA:601166) Chengdu branch, the filing said.
The shares will be purchased within 12 months at 28 yuan apiece.
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