July 10 (NBD) -- Chinese feed products manufacturer Beijing Dabeinong Technology Group Co., Ltd. (002385.SZ) announced Tuesday that it will lift up the maximum amount for share buyback from 300 million yuan (45.27 million U.S. dollars) to 1 billion yuan (150.92 million U.S. dollars).

In addition, the repurchase price should be no more than 7.92 yuan (1.20 U.S. dollars) per share.

It is estimated that following the increase, the company would be able to buy back about 126.3 million shares, approximately 2.98 percent of the total capital stock of the company.

Email: tanyuhan@nbd.com.cn