Replies to post #969 on CDC Corporation (CHINA)

[florida135]

Press Release Source: CDC Corporation


CDC Corporation to Continue Share Repurchase Initiative
Thursday May 22, 7:30 am ET
CDC Corporation Intends to Implement a New 10b5-1 Trading Plan and China.com Minority Shareholders to Vote on Repurchase of up to $10 Million of CDC Shares


ATLANTA & BEIJING--(BUSINESS WIRE)--CDC Corporation (NASDAQ: CHINA - News), a leading global enterprise software and new media company, today announced its intent to implement a new 10b5-1 trading plan to repurchase additional CDC shares after the company’s trading window opens. Additionally, China.com, a majority-owned subsidiary of CDC Corporation, has recommended that its minority shareholders approve a plan to acquire up to (U.S.)$10 million of CDC shares. The shareholder vote is expected to take place on Tuesday, May 27, 2008. Also during 2008, China.com has repurchased approximately 19.6 million of its own shares, which trade on the Growth Enterprise Market of the Stock Exchange of Hong Kong. Shares of CDC Corporation that are purchased by its subsidiaries are not included as part of the company's authorized repurchase program. "This might be the answer"!!!!!! Florida