Changes in Hong Kong stocks | Sany Heavy Industries (06031) rose more than 3%. Recently, the chairman proposed to repurchase 400 million to 800 million yuan of A-shares

The Zhitong Finance App learned that Sany Heavy Industries (06031) rose more than 3%. As of press release, it had risen 3.26% to HK$20.88, with a turnover of HK$54.514 million.

According to the news, on July 20, Sany Heavy Industries issued an announcement. Based on confidence in the company's future stable development and recognition of the company's value, combined with factors such as the company's business situation and financial situation, the chairman suggested to Mr. Wenbo that the company use its own capital or self-financing to repurchase the company's A shares to promote a match between the company's stock price and intrinsic value. The repurchase amount is not less than RMB 400 million (inclusive) and not more than RMB 800 million (inclusive). The shares repurchased will be used for A-share employee stock ownership plans.