Avic Aviation repurchases RMB 50m of shares

Avic Aviation High-Technology has repurchased 1.93 million A-shares worth RMB 50 million since launching its buyback program in April, representing 0.14% of total share capital.

The company paid between RMB 24.67 and RMB 27.61 per share through its RMB 100-200 million program. The repurchased shares will be used for employee stock ownership and equity incentive schemes.