Zhejiang Sanhua Intelligent Controlling Shareholder Proposes Up to 400 Million Yuan Share Buyback
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.