Ningbo Deye Technology (SHA:605117) plans to allocate between 100 million yuan and 200 million yuan to buy back shares, according to a Shanghai bourse filing on Thursday.
The shares will be bought for up to 133 yuan each through centralized bidding over a 12-month period. Roughly 751,900 to 1.5 million shares will be repurchased.
The solar-plus-storage products manufacturer intends to use the repurchased shares for employee stock ownership or equity incentives.
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