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Rice NET board approves 10 million dollar share repurchase plan

Source: Internet
Author: User
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Summary: Check the latest quotes Beijing time December 2 afternoon news, the Rice Net (NYSE:TAOM) announced today that the company's board of Directors has approved a 10 million dollar share repurchase plan. According to the plan, the rice net will be in the next 12 months, from the open market or

View the latest quotes

Beijing time December 2 afternoon news, the Rice Net (NYSE:TAOM) announced today that the company's board of Directors has approved a 10 million dollar share repurchase plan.

According to the plan, the rice net will be in the next 12 months, from the open market or through private negotiations to buy back the value of 10 million U.S. dollars ads (the United States Depository shares).

The funds required for stock repurchase are from free cash flow and existing operating capital of the rice net. As of September 30, 2013, the rice net has a cash and cash equivalent of about 113.3 million dollars.


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