Repurchases a Total of 3,064,000 Shares
Reflecting the True Value of the Company
HONG KONG, May 26, 2014 /PRNewswire/ -- Hydoo International Holding Limited ("HYDOO" or the "Company"; stock code: 1396.HK), a leading developer and operator of large-scale trade centers in China, announced that following the multiple repurchases in May, the Company repurchased 3,064,000 shares in total on 19 May and 21 May, for a total consideration of HK$7,853,220. The stock price ranges were between HK$2.45 and HK$2.70 per share.
Mr. Wong Choihing, HYDOO's Chairman and Executive Director, remarked, "Our frequent share repurchase recently reflected the company's great confidence in our value and future prospects. At the same time, we hope to increase our shareholder return and show our gratitude towards shareholders' support by doing so. In the future, we will further consolidate and improve the Group's leading position in the trading and logistic industry, and continuously enhance our returns on equity to reward our shareholders and society for their long-term support."
