OmniVision Integrated Circuits (HKG:0501, SHA:603501) plans to repurchase A shares worth 250 million to 500 million yuan for employee share ownership plans or equity incentives, according to a Friday Hong Kong bourse filing.
The company will buy back shares through the Shanghai Stock Exchange at no more than 120 yuan each over three months from board approval on Oct. 16.
The proposed repurchase covers about 2.1 million to 4.2 million shares, representing 0.17% to 0.33% of total share capital.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments