Ganfeng Lithium (HKG:1772, SHE:002460) plans to grant general authorization to repurchase shares, according to a Shenzhen Stock Exchange filing on Thursday.
Up to 10% of both H shares and A shares each will be bought back at appropriate times.
The Chinese lithium miner will also distribute 302.6 million yuan worth of cash dividends to shareholders, the filing said.
Ganfeng Lithium's Shenzhen shares rose less than 3% and Hong Kong shares rose over 1% in recent trade.
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