XCMG repurchases 3.6bn yuan of shares across dual programs

XCMG Construction Machinery has repurchased 328 million shares worth 2.85 billion yuan across two programs as of July 31.

The larger program, targeting employee stock ownership plans, has seen 309 million shares repurchased for 2.7 billion yuan, representing 2.63% of total capital.

A separate cancellation program has repurchased 19 million shares for 150 million yuan. Both programs have maximum prices of 12.83 yuan per share, with total authorized spending ranging from 2.1 billion to 4.2 billion yuan combined.