Beijing Jingwei Hirain Technologies (SHA:688326) is planning to buy back between 100 million yuan and 200 million yuan of its shares via centralized bidding transactions.
The shares will be repurchased for up to 130 yuan each within three months of board approval.
Shanghai Pudong Development Bank has agreed to provide a one-year loan of 140 million yuan for the share buyback.
Shares of the automotive electronic products company closed 4% higher Monday.
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