The Zhitong Finance App learned that Sany Heavy Industries (06031) rose more than 4%. As of press release, it had risen 4.31% to HK$21.3, with a turnover of HK$111 million.

According to the news, recently, Sany Heavy Industries issued an announcement. Based on confidence in the company's future development prospects and recognition of the company's long-term value, in order to effectively maintain the company's value and the interests of investors and enhance investor confidence, and at the same time to further establish the company's long-term incentive mechanism, fully mobilize the enthusiasm of the company's employees, improve team cohesion and competitiveness, and effectively closely integrate shareholders' interests, company interests and employees' personal interests to jointly promote the company's healthy and sustainable development. The company plans to use the repurchase shares for A-share employees at appropriate times in the future Shareholding plan.

The capital amount for this repurchase shall not be less than RMB 400 million (inclusive) and not more than RMB 800 million (inclusive); the repurchase price shall not exceed RMB 27.96 per share (inclusive).

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