Tianshan Aluminum repurchases 17.6m shares for RMB 140m

Tianshan Aluminum Group has repurchased 17.559 million shares for RMB 13,995.65 million as of July 31, representing 0.38% of total share capital.

The shares were bought at prices ranging from RMB 7.41 to RMB 9.38 each through centralized bidding. The repurchased shares will be used for employee stock ownership plans or equity incentive programs.

The buyback program began in April with planned total investment of RMB 20,000-30,000 million using loans and company funds.