Jiangsu Lopal Tech to Cancel 2.1 Million Shares

MT Newswires Live

03/18

Jiangsu Lopal Tech (SHA:603906, HKG:2465) plans to cancel about 2.1 million previously repurchased shares, according to a Hong Kong bourse filing Tuesday.

Hong Kong-listed shares of the firm were down nearly 2% in late morning trade Wednesday.

The shares were previously earmarked for the company's employee stock ownership plan, but will now be cancelled to reduce Lopal Tech's registered capital.

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