Jingpin Tezhuang Science & Technology's Chairman Proposes Share Buyback of Up to 12 Million Yuan
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Beijing Jingpin Tezhuang Science & Technology's chairman, Chen Bo, proposed to repurchase company shares worth between 8 million yuan and 12 million yuan, according to a Shanghai bourse filing on Wednesday. The Chinese photoelectric reconnaissance equipment manufacturer will buy back the shares within 12 months after the board of directors approves the plan. The repurchased shares will be used for future employee stock ownership plans or equity incentive plans, the filing said.
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