Autel Intelligent Technology (SHA:688208) repurchased shares for 100.2 million yuan, according to a Shanghai bourse disclosure on Wednesday.
The Chinese automotive intelligent diagnostics, detection and analysis systems developer bought back 3,595,333 shares, or 0.54% of its total share capital, for prices ranging from 26.82 yuan to 29.83 yuan per share.
The company will sell the shares through centralized bidding within three years, but these will be cancelled if unsold.
The company's shares fell over 3% during afternoon trade.
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