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CRRC Corporation (01766.HK): Times Electric plans to repurchase listed in hong kong shares, with a maximum limit of 1.702 billion yuan.
Gelonghui, December 8, reports that crrc corporation (01766.HK) has announced that the board of directors has approved the proposal regarding times electric's repurchase of its shares listed in Hong Kong. It agrees that the company's subsidiary, Zhuzhou CRRC Times Electric Co., Ltd., will repurchase its H shares with its own funds, without triggering the obligation for a mandatory offer, with a maximum repurchase quantity of 54.2632 million H shares and a repurchase amount not exceeding 1.702 billion yuan (excluding transaction costs).
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