Angang Steel (HKG:0347) completed the repurchase and cancellation of 14,180,048 shares for 26.5 million yuan, according to a Monday filing with the Hong Kong bourse.
The share buyback was funded entirely by the company's own resources. As a result, the company's total share count has decreased to 9,369,221,258.
The transaction will not affect its controlling shareholder or financial stability.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.