Canny Elevator Co., Ltd. (SZSE: 002367) revealed repurchase of 10.8698 million shares ended May 31, 2013, representing 2.86% of its share capital. Maximum and minimum prices for the buyback are CNY 10.99 and CNY 9.55 per share. Total costs reached CNY 109.4419 million.
The deadline for the repurchase will end on January 7, 2014. That is to say, the buyback must be completed within 12 months after being approved by shareholder meeting.
Source:
http://www.sinocast.com/readbeatarticle.do?id=94327
