Jiangxi Special Electric Motor Cancels Repurchased Shares
Jiangxi Special Electric Motor (SHE:002176) plans to cancel nearly 4.1 million repurchased shares instead of setting them aside for employee stock ownership plans or equity incentive plans.The plan has received board approval and will lower the Chinese motor products company's share capital to 1.70 billion yuan from 1.71 billion yuan, according to a Tuesday bourse disclosure in Shenzhen.