Asia
Longsys Electronics' Chairman Proposes Share Buyback of Up to 800 Million Yuan
Shenzhen Longsys Electronics' (SHE:301308) chairman and general manager, Cai Huabo, proposed to repurchase shares worth between 400 million yuan and 800 million yuan, according to a Shenzhen bourse filing on Thursday.The digital storage product manufacturer's shares fell 2% during Friday's morning trade.The share buyback will be implemented within 12 months after the board of directors' approval.
SHE:301308
