Asia
Guangdong Hongda Chair Proposes Up to 100-Million-Yuan Share Buyback
Guangdong Hongda (SHE:002683) said Chair Gao Hongqing proposed the repurchase of between 50 million yuan and 100 million yuan of shares via centralized bidding.The shares will be priced at no more than 150% of the 30-day average prior to board approval, according to a Friday filing with the Shenzhen bourse.The buyback period will be within 12 months after board approval.
SHE:002683
