Altogether 40 firms listed on China's Shanghai and Shenzhen bourses as of Tuesday had released their buy-back plans to repurchase their shares since the end of June, amid the sluggish performance of China's A-share market recently.
According to the statistics released by Wind Info., among the 40 listed firms, 14 had completed their buy-back plans, including Weifu High-technology Group (000581.SZ), Puyang Refractories (002225.SZ), and Guanghua Holding (000546.SZ), and 16 have started conducting their buy-back schemes.
It is worth noticing that Vanke (000002.SZ) announced that it repurchased its 5.38 million A-shares on September 18, representing 0.049 percent of the total share capitals, with the transaction price from 13.1 yuan to 13.16 yuan per share.
Also, Guoyuan Securities (000728.SZ) on September 16 launched its buy-back plan worth 20.41 million yuan. Industrial insiders point out launching buy-back plans by listed firms will release positive signal to the secondary market and boost confidence to the investors under current A-shares haze.
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