-- Andon Health (SHE:002432) plans to sell 9,295,000 repurchased shares through centralized bidding, according to a Wednesday disclosure on the Shenzhen bourse filing.
The shares represent not more than 2% of the Chinese medical devices company's total share capital.
The repurchased shares will be sold within six months.
Proceeds from the sale will be used to fund business operations, including product research and development and technological investments.
The company's shares fell 2% during recent trade.