CDC Corporation (CHINA)

[florida135]

Here it is !!! Florida: CDC Corporation and Its Chief Executive Officer Commence Previously-Announced Share Repurchase Initiatives
Thursday May 29, 7:30 am ET


SHANGHAI & ATLANTA--(BUSINESS WIRE)--CDC Corporation (NASDAQ: CHINA - News), a leading global enterprise software and new media company, announced today that, as its trading window is now open, the company and its CEO, Peter Yip, have established Rule 10b5-1 trading plans with respect to the repurchase, and purchase, of the company’s common shares.
ADVERTISEMENT


“We continue to believe that our shares are undervalued by the investment community,” said Peter Yip, CEO of CDC Corporation. “The Company’s share repurchase plan demonstrates our ongoing confidence in our long-term strategy for the company, and I have personally instituted a purchase plan, as well.”

In addition, the minority shareholders of China.com Inc., a majority-owned subsidiary of CDC Corporation, did not approve the previously-announced proposal for China.com to acquire up to (U.S.)$10 million of CDC shares.

About CDC Corporation