Asia
Anfu Battery Plans Share Buyback of Up to 150 Million Yuan
Anhui Anfu Battery Technology (SHA:603031) plans to repurchase shares worth between 100 million yuan and 150 million yuan to protect shareholder interests after its stock price dropped, according to a Shanghai bourse filing on Thursday.The Chinese battery manufacturer's stock price dropped 20% in more than 20 straight trading days.The company will buy back between 1.3 million and almost 2 million shares for up to 76.64 yuan per share through centralized bidding within three months after the board of directors' approval.The company's shares dropped 5% at the close.
SHA:603031
