June 9 (Reuters) - China Feihe Ltd :
* TO REPURCHASE SHARES OF CO ON OPEN MARKET
* PROPOSES TO USE UP TO US$200 MILLION IN FUNDS FOR REPURCHASE
* TO FINANCE REPURCHASE FROM EXISTING AVAILABLE CASH RESERVES & FREE CASH FLOW
* CONFIDENT OF ACHIEVING MEDIUM-TERM BUSINESS TARGET SET FOR 2023 AND LONG-TERM BUSINESS TARGET SET FOR 2028
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(Reuters.Briefs@thomsonreuters.com)