STO Express Plans Up to 250 Million Yuan Share Buyback; Shares Up 3%

MT Newswires Live

2024/12/20

STO Express (SHE:002468) intends to buy back between 140 million yuan and 250 million yuan of its shares via centralized bidding.

The shares will be repurchased for up to 15 yuan each within 12 months of the board approval, according to a Friday filing with the Shenzhen bourse.

Shares of the logistics services provider rose 3% in recent trade.

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