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FINWIRES

iSoftStone to Buy Back Shares of Up to 300 Million Yuan

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iSoftStone Information Technology (SHE:301236) plans to repurchase shares worth between 150 million yuan and 300 million yuan, according to a Shenzhen bourse filing on Wednesday.

Shares of the IT service and consulting company closed 7% higher Thursday.

Between 2,441,009 to 4,882,017 shares will be bought back for a price of up to 61.45 yuan per share within six months after the board of directors' approval.

The repurchased shares will be used for the company's employee stock ownership plans or equity incentive plans.

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