Wednesday, September 17, 2008 6:50:47 PM
On September 17, 2008, AsiaInfo Holdings, Inc. (the “Company”) issued a press release announcing that it has authorized a stock repurchase program under which the Company may repurchase up to 3,000,000 shares of its outstanding common stock, par value $0.01 per share.
Under the program, the Company may, from time to time for a period of nine months, depending on market conditions, share price and other factors, make one or more purchases, on the open market, or in privately negotiated transactions, subject to availability, of up to 3,000,000 shares of common stock. Such purchases under the program will be made in accordance with applicable law and subject to any required regulatory approvals. Any common stock repurchased by the Company will become part of its treasury stock and may be used by the Company to finance or execute acquisitions, equity incentive plans or other arrangements. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated by reference herein.
THE MARINES CORNER....."NEVER FORGET"
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