LB Group Plans Up to 1 Billion Yuan Share Buyback

MT Newswires Live

06/09

LB Group (SHE:002601) plans to repurchase between 500 million yuan and 1 billion yuan of its shares.

The shares will be bought back at up to 24.82 yuan apiece within 12 months from board approval, according to a June 6 filing with the Shenzhen bourse.

Shares of the chemical producer climbed 1% in recent trade.

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