MOL Global (MOLG)

[TradeSmart.ai]

Oh my...this is very good news out this morning..."Houston, we have lift-off, over."

MOL Global, Inc. (Nasdaq:MOLG) ("MOL" or the "Company"), a leading e-payment enabler for online goods and services in emerging and developed market, today announced that it has commenced repurchases pursuant to its share repurchase program announced on December 1, 2014.

The Company's purchases are subject to customary blackout periods, and may be made from time to time at prevailing market prices in open market purchases, privately negotiated transactions, block purchases or otherwise, as determined by the Company's management. The timing, frequency and amount of repurchase activity will depend on a variety of factors such as levels of cash generation from operations, cash requirements for investment in the Company's business, current stock price, market conditions and other factors. The share repurchase program may be suspended, modified or discontinued at any time and has no set expiration date.

$MOLG