Chinese media to buy 15 million US dollar shares

Xinhua News (Reporter Zhang Yixian) Chinese media announced the evening of September 1, the company's board of Directors has approved a maximum value of 15 million U.S. dollars ads stock repurchase plan. The Chinese media is planning to buy up ads worth 15 million dollars before December 31, 2012.　　The repurchase plan will be completed by the management at the market price, through open trading or bulk trading. "The board is firmly convinced that the ads shares are undervalued," said Limin, chairman and chief executive of China Media. We believe that the stock repurchase scheme will create the greatest value to the media and shareholders of China on the basis of its record record and strong growth momentum in the second quarter of this year. It also demonstrates our confidence in the company's long-term business growth and its long-term value to shareholders. "Under the influence of repurchase plan, China saw the shares of the day Rose 5.35%." Share to: