Nanjing Tanker, part of state conglomerate China Merchants Group (CMG), has begun its share buyback programme to further boost investors’ confidence after posting stronger results for 2019.
In an exchange filing, the Shanghai-listed company said it bought back 0.14% of its shares on Monday at a price between CNY 2.37 ($0.33) and CNY 2.41 per share.
The company’s share closed on Wednesday at CNY 2.47.
