ChinaNet Authorizes USD 1 Mln Share Buyback
ChinaNet IR, 10/15/12
Chinese online and TV advertising firm ChinaNet Online Holdings (Nasdaq: CNET) today announced that the company's board of directors has authorized the repurchase of at least USD 1 mln of the company's stock over the next twelve months.
Repurchases are authorized to be made by the company from time to time at the prevailing market price on the open market, and/or in negotiated transactions off the market from time to time as market conditions warrant in accordance with applicable requirements of Rule 10b5-1 and/or Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended.
Keywords: online advertising TV advertising Internet CNET ChinaNet television financing
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