APT Medical (SHA:688617) repurchased shares for almost 250 million yuan, according to a Shanghai bourse filing on Wednesday.

The medical device manufacturer bought back 1,015,738 shares, which represented 0.7202% of its total share capital, for a price range of between 231.00 yuan and 264.27 yuan per share.

The repurchased shares will be used for the company's employee stock ownership plan or equity incentive.

The company's shares fell over 1% during the afternoon trade.