China Hongqiao (HKG:1378) bought back 5,567,000 shares under a repurchase mandate, according to a Wednesday filing with the Hong Kong Exchange.
The shares were repurchased between HK$11.26 and HK$11.48 apiece for a total of about HK$63.3 million, the filing said.
The aluminum products company will then cancel the repurchased shares.
Shares rose 1% during Thursday's morning trading.
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