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.