A Giant buyback

Source: Xinhua | 2018-10-19

Shanghai-based game firm Giant Network Technology will spend up to 2 billion yuan (US$290 million) in a stock buyback, the company said yesterday. 

Giant, listed in Shenzhen, will spend between 1 billion yuan and 2 billion yuan to buy back shares at a maximum price of 25 yuan — 26 percent higher than its price in September when it halted trading for asset reorganization, the company said in a statement to the Shenzhen Stock Exchange.