China International Marine Containers (HKG:2039, SHE:000039) repurchased 60.5 million Hong Kong shares for HK$450.5 million, according to a Hong Kong bourse filing on Thursday.
The transportation equipment manufacturer's Hong Kong shares jumped less than 7% and Shenzhen shares climbed over 5% during the morning trade.
The buyback is part of the company's plan, where the repurchased shares can be awarded to eligible employees under its employee share ownership plans or equity incentive schemes.
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