Xilinmen Furniture Plans Buy Back of Up to 200 Million Yuan of Shares

MT Newswires Live

2024/09/05

Xilinmen Furniture (SHA:603008) plans to buy back its shares worth between 100 million yuan and 200 million yuan via centralized bidding transactions.

The furniture maker will repurchase the shares for up to 22 yuan apiece within a 12-month period starting from shareholder approval, according to a Thursday filing with the Shanghai bourse.

The share buyback plan aims to reduce the company's registered capital.

Shares of Xilinmen Furniture closed 6% higher on Thursday.

Price (RMB): Â¥14.74, Change: Â¥+0.83, Percent Change: +5.97%

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