Fushun Special Steel Co.,LTD. announces an Equity Buyback for CNY 100 million worth of its shares. - MarketScreener

Fushun Special Steel Co.,LTD. (SHSE:600399) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The repurchase price will not exceed CNY 8.5 per share.

The shares repurchased will be used for equity incentives. The source of funds for the repurchase will be from own funds or self-raised funds. The program will run over a period of 6 months from the date of board approval.