Dongguan Yiheda Automation (SHE:301029) is looking to buy back between 60 million yuan and 100 million yuan of shares, according to a Monday after-hours filing with the Shenzhen bourse.
The industrial automation equipment manufacturer plans to repurchase between 2 million and 3.3 million shares for up to 30 yuan apiece through centralized bidding.
The shares will be used for employee stock ownership plans.
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