July 5 （NBD） -- China Grand Automotive Services Co., Ltd. (600297.SH), the largest car dealership in China, announced Thursday that it will buy back shares worth no less than 200 million yuan (30.2 million U.S. dollars) but no more than 400 million yuan (60.4 million U.S. dollars) with its own capital.

The purchasing price should be no more than 7 yuan (1.1 U.S. dollars) per share.

Email: tanyuhan@nbd.com.cn