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ChangXin Technology chairman proposes raising share buyback to as much as RMB 5bn

NewsFeeds update

ChangXin Technology said its chairman, Zhu Yiming, proposed lifting the share buyback from RMB 1bn-2bn to RMB 2.5bn-5bn. The company's shares last traded at RMB 38.80.

MacroOdailyAINeutral

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The story so far: ChangXin Technology share buyback

ChangXin Technology's chairman Zhu Yiming proposed a share buyback of RMB 1bn-2bn via centralised bidding, to fund employee equity incentives, an employee share plan or a capital reduction. He has now proposed raising the buyback to RMB 2.5bn-5bn.

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  1. ChangXin Technology proposes share buyback of up to RMB 2bn

  2. ChangXin Technology chairman proposes raising share buyback to as much as RMB 5bn

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