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NET Qin board approves 80 million dollar stock repurchase plan

Source: Internet
Author: User
Keywords Board NetQin Cap 8000
Tags company media media reports net net qin network network qin stock
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Absrtact: December 23, according to foreign media reports, the Network Qin (NYSE: NQ) announced today that the company's board of Trustees has approved a stock repurchase plan. Under the plan, the company will buy up to 80 million U.S. dollars of shares in the next 12 months. This share

　

December 23, according to foreign media reports, the Network Qin (NYSE: NQ) announced today that the company's board of Trustees has approved a stock repurchase plan. Under the plan, the company will buy up to 80 million U.S. dollars of shares in the next 12 months.

The stock repurchase plan will be in the open market, either through private bargaining or through bulk trading and other legal means. At the same time, the stock repurchase plan will also be based on specific market conditions and related regulations and systems.

NetQin plans to use existing cash balances to fund this stock repurchase project.

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