Changjiang Securities (SHE:000783) published the details of its share repurchase plan worth between 100 million yuan and 200 million yuan, according to a Shenzhen bourse filing on Thursday.
The securities company expects to buy back between 7,137,759 and 14,275,517 shares through centralized bidding within 12 months from the board of directors' approval.
The shares represent 0.13% to 0.26% of the company's total shares.
The company's shares rose 2% during the midday trade.