XpresSpa Group Inc (XSPA)

[Long term]

zte cancels stock repurchase plan...Hummm, getting prepared, they say doing so to concentrate on core activities & July/Aug market activities...perhaps not...indicator?

"II. Reasons for and impact of the Company’s termination of the preliminary
A-share repurchase plan for an amount not exceeding RMB1 billion
Following the irrational volatility in July and August, the A-share securities market
has generally been stabilized as of now. After the publication of the Company’s 2015
Interim Report, the closing price of the Company’s A shares has not been lower than
the upper limit of the repurchase price (which has been adjusted to RMB14.80 per
share in accordance with the Company’s implemented 2014 plan for profit
distribution and conversion of capital reserve) since 27 August 2015. Meanwhile, the
Company is of the view that the application of funds previously intended to be used to repurchase shares in the research and development of strategic products and the
expansion of core markets would be more conducive to the enhancement of the
Company’s core strengths. In view of the above and after careful deliberations, the
Board of Directors has arrived at the conclusion that it is no longer in the best
interests of the Company and its shareholders to proceed with the previous
preliminary share repurchase plan and has accordingly resolved to terminate the
preliminary A-share repurchase plan.
The Company’s termination of the preliminary A-share repurchase plan for an amount 3 not exceeding RMB1 billion will not result in any adverse impact on the daily operations of the Company."

6.3 / 4 RBM=$1.00

http://bit.ly/1O5KM4Q

Thank's to vrng24