Tianrun Dairy to cancel repurchased shares, reduce capital

Xinjiang Tianrun Dairy (SSE:600419) announced plans to change the purpose of its repurchased shares from employee stock ownership or equity incentives to cancellation and a corresponding reduction in registered capital. The shares slated for cancellation amount to 4,799,955, representing 1.50% of the company's current total share capital. This move will reduce the total share capital from 320,203,243 shares to 315,403,288 shares.