Zhejiang Sanhua Intelligent Controls (SHE:002050) controlling shareholder Sanhua Holdings has proposed a share repurchase plan totaling 200 million yuan to 400 million yuan, with the price capped at 60.00 yuan per share.
The repurchase could cover up to 6.7 million shares, or 0.16% of total equity, according to a Tuesday filing with the Shenzhen bourse.
Shares of the refrigeration and air-conditioning components maker rose 2% on the Shenzhen bourse and 1% in Hong Kong.
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