AVIC Heavy Machinery Co., Ltd. (SHSE:600765) announces a share repurchase program. Under the program, the company will repurchase up to CNY 400 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 26.01 per share.
The shares purchased will be cancelled and reduce the company?s registered capital The program will be funded out of the company's own funds or Bank Loans. The program will be valid till 12 months from the company's Shareholders? approval date.