China National Building Material (HKG:3323) received valid acceptances for 1,765,036,367 H shares from the accepting shareholders under its offer to buy back 841,749,304 H shares at HK$4.03 apiece, a Wednesday bourse filing said.

The company had made the offer earlier in January through Morgan Stanley Asia.

The number of valid acceptances to the offer represents 209.7% of the maximum number of shares to be bought back, 20.93% of the total issued shares, and 38.72% of the total issued H shares of the company.

The company will buy back up to 841,749,304 H shares out of the valid acceptances for about HK$3.39 billion by March 14.