Shanghai Yuyuan Tourist Mart (SHA:600655) secured a three-year loan of 180 million yuan with Agricultural Bank of China for a share buyback, according to a Thursday filing with the Shanghai bourse.
The retailer's board in October 2024 approved a share repurchase plan of up to 200 million yuan priced at up to 8.50 yuan per share.
Shares of Shanghai Yuyuan Tourist Mart rose 2% in recent trade.
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