Demag Technology (688360.SH) plans to repurchase company shares for an amount between RMB 30 million and RMB 60 million.

Zhitong Finance APP News, Dema Technology (688360.SH) announced that the company plans to repurchase its shares for an amount between RMB 30 million and RMB 60 million, with a repurchase price not exceeding RMB 23.23 per share. The repurchased shares are intended to be used for an employee stock ownership plan or equity incentives.