China Hongqiao Group (HKG:1378) plans to continue buying back shares worth up to HK$2 billion within the next 12 months, a Wednesday filing with the Hong Kong bourse said.
Since Jan. 15, the aluminum products company repurchased 62,260,000 shares, representing around 0.66% of its issued share capital. Of this, 11,649,500 shares were canceled on Feb. 20.
Following cancellation of all the currently repurchased shares, the firm will have 9,392,730,425 shares in issue.
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