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October 19, 2018

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A Giant buyback

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.


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