Zhuzhou CRRC Times Electric (HKG:3898, SHA:688187) plans to repurchase up to 54,263,200 H shares for a maximum amount of 1.70 billion at a maximum per share price of 31.38 yuan, a Friday Hong Kong bourse filing said.
The train manufacturer plans to make the repurchase before its next annual general meeting and plans to cancel the repurchase shares as it deems appropriate and reduce its registered capital accordingly.
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