(Yicai Global) Aug. 16 -- Chinese retailer Suning.Com aims to kick off a share repurchase scheme to buy from CNY1 billion to CNY2 billion (up to USD283.9 million) worth of stocks to use them as employee equity incentives, the Nanjing-based firm announced. The offer does not exceed CNY15 (USD2.10) per share nor will it amount to more than 1.43 percent of the outstanding shares, it added. 

Suning.Com's [SHE: 002024] share price rose 3.8 percent to CNY10.60 this afternoon.

Editor: Emmi Laine