Haohua Chemical Science & Technology's (SHA:600378) total share capital declined after cancelling restricted shares, according to a Shanghai bourse filing on Thursday.
The Chinese chemical manufacturer repurchased and canceled 34,085 restricted shares not yet vested to four incentive recipients.
After the transaction, the company's share capital was reduced to 1,289,999,620 shares from 1,290,033,705 shares, the filing said.
The company's shares closed less than 3% lower.
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