LEPU ScienTech Medical Technology Plans Up to 5 Million Share Buyback

MT Newswires Live

04/01

LEPU ScienTech Medical Technology (HKG:2291) plans to repurchase up to 5.5 million shares using no more than 100 million yuan, subject to shareholder approval, according to a Wednesday Hong Kong bourse filing.

The proposed buyback will be conducted on the open market and funded through existing cash resources, the filing said.

Repurchase prices will not exceed a 5% premium to the average closing price over the five trading days preceding each purchase.

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