Hangzhou Hikvision Digital Technology (SHE:002415) is planning to repurchase between 2 billion yuan and 2.5 billion yuan of its shares.
The shares will be bought back for up to 40 yuan each within 12 months after shareholder approval, according to a Tuesday filing with the Shenzhen bourse.
Based on the minimum limit, the share buyback will account for about 0.54% of the video surveillance product manufacturer's total share capital.
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