Changbao Steel completes 32.5m yuan share buyback program

Jiangsu Changbao Steeltube completed its share repurchase program, buying back 6.75 million shares for 32.5 million yuan including fees.

The shares, representing 0.75% of total capital, were purchased at prices ranging from 4.35 to 5.42 yuan per share. The repurchased stock will be used for future employee ownership or equity incentive plans.