Shanghai M&G Stationery's Chairman Proposed Shares Buyback of Up to 1 Billion Yuan
Shanghai M&G Stationery (SHA:603899) Chairman Chen Huwen proposed to repurchase shares worth between 500 million yuan and 1 billion yuan, according to a Shanghai bourse filing on Friday.The share buyback will be implemented within 12 months after the board of directors' approval.The stationery manufacturer's shares closed 6% higher.