Jereh Oilfield Services repurchases 106m yuan of shares

Yantai Jereh Oilfield Services Group has repurchased 3,087,500 shares worth 106.2 million yuan as of July 31, representing 0.30% of total share capital.

The shares were bought at prices between 33.67 yuan and 38.65 yuan each, funded by company capital and a dedicated repurchase loan. The repurchased shares are intended for equity incentive or employee stock ownership plans.

The board initially approved repurchases of 150-250 million yuan with a maximum price of 49 yuan per share.