Jingxing Paper repurchases 1.3m shares for 4.6m yuan

Zhejiang Jingxing Paper Joint Stock Company has repurchased 1,293,300 shares for 4.6 million yuan, representing 0.1% of total share capital.

The shares were bought at prices between 3.47 and 3.60 yuan per share, below the approved maximum of 4.00 yuan. The company plans to repurchase shares worth 80-150 million yuan over 12 months for conversion into convertible bonds.