Tongling Nonferrous repurchases 95m yuan of shares

Tongling Nonferrous Metals Group has repurchased 29.5 million shares worth 94.6 million yuan as of July 31, representing 0.23% of total share capital.

The Chinese company is buying back shares worth between 200 million and 300 million yuan at prices not exceeding 4.60 yuan per share. Shares were purchased at between 2.87 and 3.39 yuan each through centralized bidding.

The repurchased shares will be converted into company bonds.