Guangdong Janus nears completion of 118m yuan buyback

Guangdong Janus Intelligent Group has repurchased 16.8 million shares worth 118 million yuan as of July 31, representing 1.01% of total share capital.

The buyback is part of a plan to acquire 100-200 million yuan worth of shares, funded by a 100 million yuan loan from China CITIC Bank. The acquired shares will be used for employee stock ownership and equity incentive plans.