Liaoning Port Company Limited Class H (HK:2880) has released an update.
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Liaoning Port Co., Ltd. has announced a proposal from its controlling shareholder, Yingkou Port Group, to repurchase and cancel a portion of its A shares, aiming to protect shareholder interests and boost investor confidence through a reduction in registered capital. The buyback, capped between RMB 420 million and RMB 840 million, will be funded by the company’s own finances and executed through the Shanghai Stock Exchange within the next 12 months.
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