AsiaInfo Announces Share Repurchase Program

November 24, 2004 | Print | Email Email | Comments | Category: Business





    AsiaInfo (ASIA) announced that its Board of Directors has authorized a stock repurchase program under which AsiaInfo may repurchase up to 5,000,000 shares. This accounts for approximately 11% of its outstanding common stock at a par value of US$0.01.

    "The establishment of this stock repurchase program reflects the confidence our management and Board of Directors have in AsiaInfo's future," said Xingsheng Zhang, AsiaInfo's President and Chief Executive Officer.

    Under the program, AsiaInfo may, from time to time for a period of six months, depending on market conditions, share price and other factors, make one or more purchases, on the open market, or in privately negotiated transactions, subject to availability, of up to 5,000,000 shares of common stock. Such purchases under the program will be made in accordance with applicable law and subject to any required regulatory approvals. Any common stock repurchased by AsiaInfo will become part of its treasury stock and may be used by AsiaInfo to finance or execute acquisitions or other arrangements.

    Related Links:


    Recommend this page: 1 Star2 Stars3 Stars4 Stars5 Stars

    Loading ... Loading ...
    Related News:
  • Shanda Increases Share Repurchase Plan
  • US$20 Million Share Repurchase Program For CDC
  • Giant Interactive To Repurchase USD150 Million Shares
  • Share Repurchase Program Initiated By Focus Media
  • Linktone Announces Completion Of US$15 Million Stock Repurchase Program
  • Netease Approves New Share Repurchase Program
  • Shanda Approves Share Repurchase Plan
  • 51job Shareholders Approve Stock Repurchase Program
  • CDC Announces US$20 Million Stock Repurchase Program
  • Shanda Welcomes Institutional Investors; Announces Share Repurchase Plan



    • Leave A Comment:



    Inside ChinaTechNews.com


      Other China News

      China Sourcing News:

      Home Building Chain Closes Another Store In China

      American Internet Retailer Adds Courier Fees In China

      French Optics Company Announces Two China Investment Deals

      Increasing Manufacturing Costs Cause Trouble For Chinese Retailer
      TechSecurityChina.com:

      Inspur International To Sell Chinese E-government Business

      Shareholder Disputes Settled For Chinese Media Firm

      Qihoo 360′s Safebox Software Will Integrate With Uuu9.com

      Apple Suspends iPhone 4S Sales In Retail Stores In China
      ChinaWirelessNews.com:

      ZTE Launches First Tablet In America

      Apple Adopts New iPhone Sales System In Hong Kong

      China Telecom To Launch CDMA-based iPhone 4S

      China Mobile's Call Center In Luoyang Formally Launched

      Visit these other China sites: ChinaRetailNews.com | GreenChinaTech.com | ChinaWirelessNews.com | TechSecurityChina.com | China Sourcing News | China CSR