Premier Cable Manufacturer in China
Asia Pacific electric wire electric cable approved $6. 15 million share repurchase plan _ _ cable wire and cable information network
' Cable network - 】 Recently, the asia-pacific wire and cable, announced that the board of directors approved the implementation of a share repurchase program. According to the plan, the company is authorized to repurchase up to $1 million ( About 615 RMB. 40000 yuan) The value of common stock.
the cable plans to hire a financial adviser, 10 b - in accordance with the rules of the securities and exchange act 18 to manage the share repurchase program.
once the plan implementation, common stock may be in the open market, bargaining repo trading, commodity trading, or other ways. Any time and scope of purchase according to the market situation, common stock market price and other factors, in accordance with the applicable laws and regulations to obey quantity, price and time limit.
share repurchase program will be made by cash on hand and cash in existing fund business to generate cash. As of March 31, 2014, the company has about 80. 4 million dollars in cash and cash equivalents ( $4. 900 million yuan) 。 At present, the company has issued 13. 8 million shares.
Asia Pacific electric wire electric cable began scheduled to be announced in the near future, the date of the share repurchase program.
note: this article USES the exchange rate for a $1 = 6. RMB 1539 yuan
( This article starting cable net WWW. cableabc。 Com, reprint please indicate the source. ）