Guangdong Dtech Technology's (SHE:301377) chairman, Wang Xin, proposed the repurchase of shares for between 50 million yuan and 100 million yuan, according to a Shenzhen bourse filing on Sunday.
The Chinese tool manufacturer's shares fell 3% during Monday's morning trade.
The repurchased shares will be used for the company's employee stock ownership plan or equity incentives.
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