Asia
Wenfeng Great World Chairman Proposes 120 Million Yuan Share Buyback; Shares Slide 5%
Wenfeng Great World Chain Development's (SHA:601010) chairman, Wang Yue, proposed to repurchase the company's shares worth between 80 million yuan and 120 million yuan, according to a Shanghai bourse filing on Wednesday.The share buyback will be implemented within 12 months after the board of directors' approval.The retail chain operator's shares dropped nearly 5% during the midday trade.
SHA:601010
