Guangzhou Tinci Materials Technology (SHE:002709) is planning to repurchase between 120 million yuan and 160 million yuan of shares for the implementation of the equity incentive or employee stock ownership plans.
The electrolytes producer will buy back the shares for up to 25 yuan apiece within 12 months from the board approval, according to a Friday filing with the Shenzhen bourse.
Shares of Guangzhou Tinci Materials Technology closed nearly 3% lower Friday.
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